XAUUSD: March is seasonally weak for Gold!
Fundamental Overview
Gold tends to perform well in January and August, but March has historically been the weakest month for the precious metal over the past 25 years. Usually, gold sees an early rise due to the retracement of the USD and yields after the Fed rate re-pricing. However, the future outlook for gold will depend on the path of US rates. If the Fed starts discussing rates at 6%, it could negatively impact gold, especially with the added pressure from the seasonally weak month.
Plan trade in the intro
Gold tends to perform well in January and August, but March has historically been the weakest month for the precious metal over the past 25 years. Usually, gold sees an early rise due to the retracement of the USD and yields after the Fed rate re-pricing. However, the future outlook for gold will depend on the path of US rates. If the Fed starts discussing rates at 6%, it could negatively impact gold, especially with the added pressure from the seasonally weak month.
Plan trade in the intro
Related publications
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.