Gold Price Forecast: XAU/USD climbs above $1,850 on improved mood, weaker USD Gold XAUUSD Metals SEO
na’s support to its housing market, alongside its border reopening, as it relaxes Covid-19 zero-tolerance measures. Investors get ready for a busy
in the United States , while Federal Reserve’s officials began to cross newswires. At the time of writing, the XAU/USD is trading at $1,856.01, above its opening price by 1%.Wall Street is poised to open higher, as shown by equity futures rising, while the US Dollar weakens.
. Meanwhile, China’s reopening was cheered by investors, even though the country reported 5 Covid deaths on January 3, vs. three from the previous day.Aside from this, investors waiting for US economic data has bolstered, as Tuesday’s US Dollar longs exited ahead of market-moving data. Following the S&P Global Manufacturing PMI release on Tuesday, the Institute for Supply Management for December is expected to drop from 49.0 to 48.5. Also, the JOLTs report is estimated to hit 10 M, vs. 10.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD attempts another run above $1,825 despite USD bounceGold price is challenging six-month highs while holding gains above the $1,825 key resistance level so far this Tuesday. Gold price is seeing a contin
Read more »
Gold Price Forecast: XAU/USD aims to shift auction profile above $1,840 ahead of Fed minutesGold price (XAU/USD) has displayed a sheer north-side move after surpassing the critical resistance of $1,823.00 in the Asian session. The precious me
Read more »
Gold Price Forecast: XAU/USD refreshes seven-month highs above $1,860 amid falling yieldsGold price is holding close to the highest level in seven months above $1,860 in the Europen session, accelerating the upbeat momentum, as the US Doll
Read more »
Gold Price Forecast: XAU/USD pulls back from seven-month high at $1,850Gold price is seeing a quick retracement from fresh seven-month highs of $1,850 reached in the early European morning. The ongoing retreat in the brig
Read more »
Gold Price Forecast: XAU/USD recovers momentum from $1,830 as DXY trims gainsGold prices are having a volatile session on Tuesday after resuming normal trading activity. Earlier XAU/USD peaked at $1,849.99, level last seen back
Read more »
Gold Price Forecast: XAU/USD shows volatility contraction near $1,840, FOMC minutes eyedGold price (XAU/USD) has shifted into a sideways auction profile after recovery from the crucial support around $1,828.00 in the late New York session
Read more »