XAU/USD started with significant losses on today, with prices on the brink of a solid recovery from the gap. The fall could be triggered by comments from the US Federal Reserve Vice Chair Richard Clarida, who said “given the conditions for an interest rate hike could be met in late 2022 or early 2023. The [...]
Gold prices has been reached higher on today supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee's meeting this week. Coronavirus cases continued to rise over the weekend with a number of countries in Asia and Europe battling to control the outbreak [...]
Gold is bidding at the European session today, due to the US Treasury yield dropped. Hopes of passing the US Infrastructure Expenditure Bill seem to confirm market sentiment ahead of its practical vote on Wednesday. However, Delta Covid variant tragedies and reflection fears are on the table to challenge gold traders moving forward. On the [...]
Gold price is trading up from yesterday as the U.S. traded on a corrective and short-covering rebound on Monday after dropping sharply last week and made hit of five-week low on Friday. The market sentiment continues to move indicating about inflation prospects after the previous week’s hawkish monetary policy tone from the Federal Reserve. Many [...]
