🟢Gold price struggles to register any meaningful recovery from a two-week low set on Wednesday.
🟢The Fed’s hawkish stance, higher US bond yields, and recent USD strength have acted as a headwind.
🟢Geopolitical tensions and political uncertainty help limit the downside for the safe-haven metal.
🕯Daily Digest Market Movers: Gold price remains on the defensive amid Fed rate jitters, higher US bond yields
🔥Technical Analysis: Gold price needs to break below $2,285 horizontal support for bears to seize near-term control
🟢The Fed’s hawkish stance, higher US bond yields, and recent USD strength have acted as a headwind.
🟢Geopolitical tensions and political uncertainty help limit the downside for the safe-haven metal.
🕯Daily Digest Market Movers: Gold price remains on the defensive amid Fed rate jitters, higher US bond yields
🔥Technical Analysis: Gold price needs to break below $2,285 horizontal support for bears to seize near-term control
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.