Gold Price Forecast: XAU/USD sustains above $1,980.00 as USD Index turns subdued despite hawkish Fed bets Gold XAUUSD Fed Inflation PMI
S&P500 futures have generated losses as investors are anxious ahead of quarterly results from giant technology stocks.
Gold price is expected to display sheer weakness after a breakdown of immediate support plotted from $1,969.26. is holding its auction above the critical support of $1,980.00 in the Asian session. The precious metal is struggling around $1,985.00 as the US Dollar Index is showing mixed signals around its crucial support of 101.63. After topsy-turvy moves in a wide range of 101.63-102.27 for the past four trading sessions, investors are anticipating a decisive move from the USD Index.
S&P500 futures are holding onto losses in the Asian session as investors are anxious ahead of quarterly results from giant technology stocks. Amazon, Facebook, and Google are expected to keep investors busy this week with their first-quarter CY2023 results. The yields offered on US government bonds have dropped marginally amid a subdued performance byThis week, the USD Index will dance to the tunes of Durable Goods Orders data. Theis seen expanding by 0.8% vs. a contraction of 1.0%.
Declining 20-and 50-period Exponential Moving Averages at $1,988.00 and $1,994.78 respectively, add to the downside filters. The downside momentum will get triggered if the Relative Strength Index will drop into the bearish range of 20.00-40.00.
United States Latest News, United States 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 extends gains above $1,980 despite solid US activity backs hawkish Fed betsGold price (XAU/USD) showed a recovery move from near the crucial support of $1,970.00 and has stretched its recovery above $1,980.00 in the early Asi
Read more »
Olympic gymnast Simone Biles is married: 'Officially Owens'Simone Biles has married fiancé NFL player Jonathan Owens, the 26-year-old Olympic gymnast revealed on social media.
Read more »
7-time Olympic gold medalist Simone Biles marries Texans' Jonathan Owens in intimate ceremonyWedded bliss! 💍 The happy couple made it down the aisle after announcing their engagement last February.
Read more »
7-time Olympic gold medalist Simone Biles marries Texans' Jonathan Owens in intimate ceremonyWedded bliss! 💍 The happy couple made it down the aisle after announcing their engagement last February.
Read more »