Gold Price Forecast: XAU/USD dips below $2000 on improved ISM report, as high inflation looms – by christianborjon Gold XAUUSD Commodities Metals
However, a jump in the prices subcomponent justifies the need for higher rates in the United States . The XAU/USD is trading at $1982.70.Wall Street opened with gains after JP Morgan Chase, of the largest banks in the US, acquired the troubled First Republic Bank. That improved the market mood, though the ISM’s data triggered a leg down in XAU/USD’s price.
The XAU/USD reacted downwards, down 0.11% in the early New York session. US Treasury bond yields increased, with the 10-year benchmark note rate yielding 3.513%, gaining eight bps, a headwind for the yellow metal., which measures the performance of six currencies vs. the greenback, is climbing 0.33%, up at 102.009, courtesy of elevated US Treasury bond yields.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Price Forecast: XAU/USD struggles to find direction as focus shifts to Fed policyGold price (XAU/USD) is hovering around $1,990.00 in the early Asian session. The precious metal is struggling to find any direction as investors are
Les mer »
NZD/USD faces tough hurdles above 0.6180 ahead of US ISM PMI and Fed policyThe NZD/USD pair has failed to sustain above the crucial resistance of 0.6180 in the early Asian session. The Kiwi asset has sensed selling interest a
Les mer »
US ISM Manufacturing PMI April Preview: Gloom persists despite expanding US economyUS ISM Manufacturing PMI April Preview: Gloom persists despite expanding US economy – by FXstreetNews Manufacturing PMI Macroeconomics UnitedStates EconomicIndicator
Les mer »
AUD/USD aims to surpass 0.6640 ahead of Fed/RBA policy, US ISM PMI in focusThe AUD/USD pair is looking to surpass the crucial resistance of 0.6640 in the Asian session. The Aussie asset has stretched its rally as the US Dolla
Les mer »
EUR/USD falls as ISM Manufacturing PMI improves, boosting USD on Fed tightening speculationThe EUR/USD dropped below 1.1000 after the ISM announced that manufacturing activity in April improved. However, it stood in contractionary territory,
Les mer »
Why ARK Invest Predicts Tesla Stock Will Hit $2,000 By 2027 - CleanTechnicaCathie Wood, CEO of investment management firm ARK Invest, has long been bullish on Tesla. Wood recently explained why she thinks
Les mer »