Gold is trading low from Wednesday after FOMC statement, and traders are awaiting the US Q4 advance GDP release for a fresh direction. XAU/USD lost ground once again on Wednesday after the Fed left its key rates unchanged. Fed left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and [...]
Yellow metal is seeing very little action on Monday, as the dollar index and US Treasury yields are consolidating. The dollar index, gold's biggest nemesis, is currently side lined near 90.22, and the 10-year US Treasury yield is hovering near 1.09% for the seventh straight day. Most of the analysts believe that the path of [...]
Yellow metal stays positive for the second consecutive day amid US dollar weakness and broad risk-on mood.US President Donald Trump’s obstruction to the bills relating to defense and covid stimulus weigh on the US dollar. Also weighing on the greenback, while favoring the broad risks and commodities, is US Democratic Party’s readiness to inflation the [...]
Gold has showed weakened position as the risks remain skewed to the downside heading into the economic data dump slated for release from the US docket. Investors sold-off the safe-haven gold alongside the US dollar amid a risk-on market profile, driven by corona virus vaccine progress, Biden transition and fiscal stimulus hopes. Reduced US pollical [...]
