Fundamental view: Gold markets initially tried to rally during the initial of the week but later fell to form a bearish candle. Gold is pressured in part by some upbeat U.S. economic data. Gold prices hit a nine-month low this week. Rising government bond yields this week and a higher U.S. dollar index are also [...]
Fundamental view: Gold fell to an eight-month low on Friday this week to its worst month since November 2016 as a stronger dollar and elevated U.S. Treasury yields hammered non-yielding bullion's appeal. "Rising 10-year yields, along with the U.S. dollar moving higher, and we had a resurgence in risk appetite. All that was a very [...]
Fundamental view: Gold fell against greenback last week as It was hit by a slate of negative news. This week's primary downward pressure came from rising U.S. Treasury yields mixed in with the stronger U.S. dollar. The sharp upsurge witnessed in the US Treasury bond yields helped the USD stay resilient against its rivals and [...]
Fundamental view: The XAU/USD pair started the week on a firm footing and climbed to a weekly high of $1,855 on Wednesday supported by the broad-based selling pressure surrounding the greenback. However, with the USD regaining its strength in the second half of the week, XAU/USD came under pressure but it closed with a bullish [...]
