Gold fell sharply in the context of US Treasury bond yields reaching a 16-year high and profit-taking activities leading to a sell-off of precious metals.
Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points
Gold also decreased because a commodity closely related to gold, oil, dropped sharply. Petroleum demand is forecast to be suppressed as major central banks keep interest rates high for a long time.
North Sea Brent oil price dropped to 92.8 USD/barrel, while US light sweet crude oil price (WTI) dropped to 89.3 USD/barrel
Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points
Gold also decreased because a commodity closely related to gold, oil, dropped sharply. Petroleum demand is forecast to be suppressed as major central banks keep interest rates high for a long time.
North Sea Brent oil price dropped to 92.8 USD/barrel, while US light sweet crude oil price (WTI) dropped to 89.3 USD/barrel
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.