Gold Price Forecast: XAU/USD prints mild losses around $1,930 even as yields flag recession risk By anilpanchal7 Gold XAUUSD YieldCurve RiskAppetite Ukraine
ing Tuesday’s Asian session. The yellow metal offered an upbeat start to the week but buyers failed to keep the reins as the US Treasury yields rallied to a fresh multi-month high amid hopes of faster rate hikes by the US Federal Reserve , as well as looming economic recession.
US 10-year Treasury yields rise to a fresh high since May 2019 while taking the bids near 2.328% level by the press time as market’s fears of inflation magnify, pushing the Fed policymakers towards aggression in tightening monetary policies going forward. On Monday, Atlanta Fed President Bostic and Richmond Fed’s Barkin promoted the US central bank’s ability to restrain inflation by indirectly signaling a faster pace of the rate hike. However, the comments from Fed Chairwho said, “The Fed will raise rates by more than 25bps at a meeting or meetings if necessary,” offered a major upside momentum to the T-bond coupons.
“Sharp moves in the US Treasury market are increasingly pointing to the risk of an approaching recession, with "bond vigilantes coming out of the woodwork" and markets doubting the U.S. Federal Reserve's plan to engineer a "soft landing" for the economy as it hikes interest rates to fight inflation, market experts said,” mentioned Reuters.
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 still considered as a safe-haven and store of value – CommerzbankGold is stable following biggest weekly loss in nine months. In the view of economists at Commerzbank, the yellow metal is still regarded as a safe-ha
Leer más »
6 things to know about opening this month of the $1 billion Cleveland Clinic London HospitalThe Cleveland Clinic London Hospital is the health system’s latest step in the health system’s international expansion strategy.
Leer más »
Own a piece of Maybeck history in the East Bay hills for $1.5MThe fabled architect oversaw the building of this home that's been in one family ever since.
Leer más »
U.S. Online Sales Seen Topping $1 Trillion in 2022Adobe statistics suggest Americans are sticking to their online shopping habits even as cases of COVID-19 decline and traffic to physical stores gradually recovers.
Leer más »
Vehicles worth $1 million stolen from Irving Park dealershipThieves stole multiple vehicles from a dealership in the Irving Park area early Sunday morning, according to police.
Leer más »
NFT Collector Accidentally Sells $1.2M Rock for $0.0012 | CoinMarketCap'In one click my entire net worth of $1 million, gone' 😭 This NFT collector meant to list his Ether Rock on OpenSea for 444 ETH 💰 Instead, he listed it for 444 WEI — worth just $0.0012 — and it was snapped up by a bot in seconds 💔
Leer más »