Gold Prices May Fall as Market Rout Resumes, Boosting US Dollar

BY admin admin

Gold prices may succumb to selling pressure if a broad-based market selloff resumes, boosting haven demand for the US Dollar. Upbeat PCE inflation data might encourage weakness.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

EUR/JPY Price Analysis: Euro under pressure vs. Japanse yen, nearing 117.00 figure

EUR/JPY remains under heavy selling pressure below the main SMAs (simple moving averages) on the daily chart as the currency cross is nearing the 2020 low.

Forex

IMF: Cutting fiscal help too early will be more concerning than debt levels

IMF gives the thumbs up for governments to pile on the debt levels – Cutting spending too early could derail economic recovery They're definitely not wrong in that sense but it also reaffir

Forex

Never have so many people been so wrong in predicting a recession

<p>What happened here?</p><p>At the turn of the year, you couldn't get away from recession calls. It was a complete consensus, with <a href="https://www.forexlive.com/ne

Copyright © 2024 | WordPress Theme: Xews Lite