Forecast for XAU/USD: precious metals fell into disgrace

Fundamental forecast for gold for today

Gold may drift apart from the sector’s other assets 

The market can punish for excessive self-confidence. As long as the dollar was weak and the US bond yield wandered near its historic highs, gold didn’t complain about the lack of bullish forecasts. Alas! Precious metals fell into disgrace once the bond market rates grew on the Treasury’s increased debt issuance, better macro statistics, lower number on new COVID cases in the US, and Russia’s intention to start using the first vaccine.  

Gold registered the worst one-day evolution in 7 years, pulling down silver,…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>