Gold Price Forecast: XAU/USD, nothing new here, but a breakout is nigh By ross_burland Gold DollarIndex Commodities Fed Ukraine
gy and maintained force could be about to set off an almighty breakout, one way or the other. At the time of writing,is trading at $1,934.09, higher by some 0.43% and has travelled between a range of $1,920.62 and $1,937.85.
It is worth taking note of positioning in the futures markets. ''Money managers cut their gold long exposure and increased short positioning, as rates along the yield curve continued to move higher.
Meanwhile, in today's markets, US equities have dropped while the benchmark US Treasury yields remain bid on due to the narrative surrounding the US central bank. The minutes released yesterday from the Fed's March meeting underpin the worries of higher prices and reinforce the prospect that the US central bank's balance sheet reduction is imminent.
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