Gold Price Forecast: XAU/USD retreats towards $1,900 as markets doubt strong China growth Gold XAUUSD RiskAppetite China Commodities
Talking about the data, China's Gross Domestic Product for the fourth quarter printed 0.0% QoQ figure versus -0.8% expected and 3.9% prior. Further details suggest that the Industrial Production for December grew 1.3% YoY versus 0.5% market forecasts and 2.2% prior readings. Additionally, Retail Sales improved to -1.8% YoY for December compared to -7.8% consensus and -5.9% prior.
That said, the S&P 500 Futures print mild losses as it retreats from the monthly high while the US 10-year Treasury yields defend the week-start recovery, up two basis points near 3.54% by the press time. That said, the bearish MACD signals and downbeat RSI , not oversold, also keep the Gold bears hopeful.
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 bulls continue to chip away at $1,920 resistanceGold price has been holding in at the bull cycle highs of $1,920 following last week's volatility that was driven by the Consumer Price Index, CPI, th
Les mer »
Gold Price Forecast: XAU/USD could see a pullback amid overbought conditionsGold price hit fresh nine-month highs at $1,929 before pulling back sharply to $1,915. Overbought conditions could threaten XAU/USD bulls, FXStreet’s
Les mer »
Gold Price Forecast: XAU/USD continues to face correction risks – TDSGold rallied all the way up to $1,920 in the last session of the week. However, strategists at TD Securities note that the yellow metal confronts corr
Les mer »
Gold Price Forecast: XAU/USD retreats from nine-month peak amid modest US Dollar recoveryGold Price Forecast: XAU/USD retreats from nine-month peak amid modest US Dollar recovery – by hareshmenghani Gold Commodities Fed Recession SEO
Les mer »
Gold Price Forecast: XAU/USD buyers take a breather around $1910s as the USD recoversGold price retraces as the North American session begins, even though Wall Street would remain closed in observance of Martin Luther King Jr. day. Nev
Les mer »
Gold Price Forecast: XAU/USD to see substantial selling flow on a break below $1,865 – TDSStrategists at TD Securities do not expect CTA trend followers to exacerbate the rally in Gold much further. Gold prices are overbought “Gold prices a
Les mer »