Gold is gaining 0.2% to $1,779.10 an ounce after closing lower yesterday on comments from Janet Yellen.
Gold prices have shown signs of weakness on Wednesday as long-term rates rebound.
随着USD跌势加深,金价本周继续上涨。 尽管美国公布了一系列更好的数据,USD却承受了越来越大的抛售压力。 上周,通货膨胀,零售额和每周初请失业金人数均好于预期,尤其是零售额,表现超出预期。
Gold may be gearing itself to break above the key resistance at $1,750 in the coming week.
The price of gold has been recovering in recent sessions. After falling back to $1670 last week, the ounce of gold is back above its March highs at $1756.23 thanks to the slight drop in long-term rates.
The price of gold has rebounded in recent days to return near its March highs.
The price of gold is getting penalized by the steepening of the rate curve and the rise in yields of US government bonds at the start of the week.
After a record-breaking year, gold should appreciate in the medium to long term, according to CPM's Gold Yearbook.
After a very good year in 2020 and an almost stable January, gold prices recorded a sharp correction in February.
The price of gold fell over 1.2 percent on Tuesday on the back of a strengthening dollar and rising US Treasury yields.
Gold Freefalling as Dollar Surges
Gold prices surged on Friday closing in towards the 1,964.50-resistance level, fully reversing Thursday’s losses.
Has Gold Broken Out from its Sideways Move?
Spot gold rallied on Tuesday on the back of a surprise US Federal Reserve rate cut.
The yellow metal fell sharply on Friday as the rapid spread of the coronavirus triggered a panic selloff in equity markets which followed through into the commodities sector.