Gold Price Forecast: XAU/USD bulls in town on lower Fed bets Gold DollarIndex Currencies NFP SEO
US Dollar weighed by poor US data, weighing on Federal Reserve hawkish sentiment.on the back of bond yields falling on expectations a surprise cut in The Organization of the Petroleum Exporting Countries, OPEC+, production will spur inflation. This was dimming hopes the Federal Reserve will cut interest rates this year.
´New orders fell to 44.3 vs 47.0. Manufacturing is one of the most rate-sensitive sectors of the economy as goods like autos are primarily bought on credit. There continues to be encouraging on goods inflation. Supplier delivery times fell 0.4 to 44.8, its lowest level since March 2009, and the prices sub-index fell 2.1pts to 49.2.´´
The US Dollar moved down to test below 102 the figure, DXY, while the US 10-year note was down 3.9 basis points to 3.432%. The two-year note was down 2.1 basis points to 4.007%.Looking ahead, the focus this week will be on Friday's Nonfarm Payrolls jobs report, although many markets will be closed for the Easter holiday.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD bears struggle to keep the reins ahead of US Nonfarm PayrollsGold Price (XAU/USD) consolidates intraday losses around $1,963 as US Dollar retreats from a daily high, despite sour sentiment and firmer yields, as
Leer más »
Gold Price Forecast: XAU/USD recovers early lost ground, climbs back above $1,970 levelGold price reverses an intraday fall to the $1,950 zone, or a four-day low touched earlier this Monday and builds on its intraday ascent through the f
Leer más »
Gold Price Forecast: Climbs to one-week highs, eyes $2,000Gold price is up by almost 1% on Monday, after rising more than $40 from the daily low. XAU/USD bottomed on Asian hours at $1,949 and then reversed it
Leer más »
Gold Price Forecast: XAU/USD slips to near $1,960 on hopes that fresh oil cut to keep Fed rates higherGold price (XAU/USD) is facing immense pressure in early Asia as United States inflationary pressures have propelled after the announcement of a surpr
Leer más »
Gold Price Forecast: XAU/USD sets for a breakdown below $1,950 as USD Index refreshes weekly highGold price (XAU/USD) is hovering near the edge of $1,950.00 after a sheer sell-off in the Asian session. The Gold price is expected to extend its loss
Leer más »
Gold Price Forecast: XAU/USD to drop further on a daily close below critical support at $1,961Gold price kicks off the week on the wrong foot. Daily close below the critical rising trendline support, now at $1,961, would trigger a fresh downswi
Leer más »