Thursday, 12 May 2022

Gold Prices Saddled by Higher Real Yields, Strong US Dollar, Downside Breakout Eyed

Gold prices have plunged recently and now trade slightly above a key support near $1835. If this floor is broken, downside pressure could accelerate, paving the way for a move towards $1780.

from DailyFX - Market News https://ift.tt/aWi50IX
via IFTTT
at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...