05/06 - Gold continues to fall under the pressure of the Fed
Updated
The future of gold does not look bright due to the strong US economy, which could lead to the Federal Reserve raising interest rates later this year.
As a result, gold and silver prices fell as the US dollar and Treasury yields rose.
Recent nonfarm payrolls data suggests interest rates could stay high for longer, which could drive gold prices down further.
Money managers have become less optimistic and if Treasury yields continue to rise, gold prices could continue to fall.
Gold price has dipped below the key trendline support and could reach $1,875 if it dips below the May low at around $1,932.
I'm looking at two short-term price zones: buying gold 1941-1944 and selling gold in the price range from 1968-1971
What do you think about the gold price today?
As a result, gold and silver prices fell as the US dollar and Treasury yields rose.
Recent nonfarm payrolls data suggests interest rates could stay high for longer, which could drive gold prices down further.
Money managers have become less optimistic and if Treasury yields continue to rise, gold prices could continue to fall.
Gold price has dipped below the key trendline support and could reach $1,875 if it dips below the May low at around $1,932.
I'm looking at two short-term price zones: buying gold 1941-1944 and selling gold in the price range from 1968-1971
What do you think about the gold price today?
Note
Do you buy 1943? Gold now 1946Note
Asian FX markets fall, USD supportedNote
Before the market opened, US energy stocks saw an increase in value due to a rise in oil prices by $1 per barrel, following a cut in Saudi pledges. Chevron experienced a 1.1% rise, while Exxon saw a 1.4% increase.Note
Boris Vujcic, a member of the ECB Governing Council, has stated that the increase in consumer prices is gradually decreasing, but there is still a risk of a rebound that is greater than the risk of prices decreasing more quickly.Note
The US-China relationship is coming to an end, but it may eventually calm down.Note
Hello, gold now 1956Note
Wow gold up 1961 200pipsNote
The 90-year-old Federal Home Loan Bank system has ballooned to more $1.5 trillion in assets while increasingly aiding banks taking all kinds of risks .Note
Core inflation has not peaked but there are signs of 'moderation'.
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