Market Forecasts

• Silver Price Analysis: Bullish bias imperiled as $23.00 support is probed by XAG/USD bears
  The price of silver remains under pressure for a second consecutive day, reaching an intraday low recently. An eight-day-old bullish channel and 100-HMA pose a challenge to XAG/USD skeptics despite a stable RSI. The 200-day simple moving average adds to the downside constraints; the key is two-week-old horizontal support.
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• Gold Price Prediction: XAU/USD Holds Steady Near $1,960 Amid Weaker US Treasury Yields
  The XAU/USD exchange rate decreases as banking sector worries abate. First Citizens Bancshares acquires the assets of the defunct Silicon Valley Bank. The yields on U.S. Treasury bonds increase as investor confidence grows.
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• Forecast for Gold Price: XAU/USD sellers near $1,955 confluence as yields recover amid banking and growth concerns
  Gold price declines as yields on US Treasury bonds support the US Dollar's corrective rebound. Concerns regarding bank failures and growth allow XAU/USD traders to position themselves for Friday's critical US inflation data. For a distinct indication of the direction of the gold price, watch the comments of central bankers and the movements of the bond market.
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• WTI optimists target the $70 mark amidst positive banking sector developments
  As banking concerns subside and geopolitical tensions rise, WTI oil prices increase. In the midst of escalating European tensions, Russian crude stockpiles force production cuts. Oil market volatility is likely to be influenced by financial market sentiment and geopolitics.
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• Forecast for the Gold Price: XAU/USD extends Fed-inspired rebound from $1,960 on yield softening
  As U.S. dollar and Treasury bond yields extend post-Fed losses, the price of gold continues to rise. Fed's dovish rate hike and banking turmoil maintain investors in control of XAU/USD. If the $1,960 support confluence is broken, the gold price will rise sharply; otherwise, it will fall.
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• Gold Price Prediction: XAU/USD nears $1,980 as USD Index extends losses in response to the Fed's dovish guidance
  As concerns of a US banking crisis resurface, the price of gold is rising toward $1,980.00. As a result of the Fed's approach to the terminal rate, the USD Index has been pummeled. The resilience of US bonds is a result of the US government's refusal to insure all uninsured bank deposits.
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