EUR/USD 1.15770
0.080%
Gold 4416.16
0.916%
Oil 83.581
2.572%
USD/JPY 159.441
0.053%
GBP/USD 1.35413
0.052%
GBP/JPY 215.909
0.105%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 18th - U.S. investment-grade bond issuance hit a record high for the third consecutive month, continuing the fastest issuance pace in the history of the bond market. Heavy corporate investment in artificial intelligence infrastructure is driving increasing demand for corporate borrowing. Statistics show that as of Monday, U.S. investment-grade bond issuance reached $145.2 billion in August, surpassing the previous record of $136 billion set in August 2020. Earlier this year, January, June, and July all set their own monthly issuance records, and three other months saw the second-highest issuance volumes on record. Data shows that this months issuance was primarily driven by Alphabets (GOOG.O) $25 billion bond issuance. This is the eighth deal this year to reach or exceed $25 billion, and all eight deals have involved technology companies.Jared Kushner, Trumps son-in-law: If Iran is willing to fulfill the agreement previously discussed with the US and give up its ability to manufacture nuclear weapons, then the US is obviously willing to make a deal; but at present, Iran has not shown any willingness to take measures that are in the USs interest.According to The Times, U.S. Trade Representative Greer said Trump’s threat to impose 100% tariffs on the UK was “not a bluff.”Hang Seng Index futures closed down 0.27% at 25,355 points in overnight trading, a discount of 98 points.U.S. Energy Secretary Wright: The U.S. Strategic Petroleum Reserve still has 300 million barrels, and the reserve will be higher than before the conflict ends.

Forecast for Gold Price: XAU/USD sellers near $1,955 confluence as yields recover amid banking and growth concerns

Alina Haynes

Mar 27, 2023 14:38

 截屏2022-06-07 下午5.15.32.png

 

Gold price (XAU/USD) falls $1,970 over the course of a two-day losing trend preceding Monday's European session. In doing so, the precious metal justifies the most recent revival in US Treasury bond yields and the US Dollar, while extending yesterday's U-turn from the key resistance zone.

 

As First Citizens bank agrees to purchase a sizable portion of Silicon Valley Bank, dwindling banking jitters may also be a factor. (SVB). In recent days, the XAU/USD has been weighed down by hawkish Fed comments, the pace of China's growth, one of the world's largest Gold consumers, as well as primarily US data.

 

Kristalina Georgieva, the head of the International Monetary Fund (IMF), cautioned that "risks to financial stability have increased," prompting an investigation into Gold sellers. On the same vein, Minneapolis Fed President Neel Kashkari voiced concerns about an impending US recession.

 

US Dollar Index (DXY) prints a three-day uptrend near 103.12 as traders prepare for important inflation data on Friday, specifically the US Core Personal Consumption Expenditure (PCE) Price Index for February.

 

In spite of this, 10-year US Treasury bond yields increased by two basis points to 3.40 percent, while their two-year counterpart ended a three-day losing trend close to 3.85 percent as of press time.

 

Moving forward, the Gold price remains on the bears' radar due to the failure of traders to overcome the critical resistance and the month-end consolidation. However, Friday's release of the Fed's favored inflation gauge becomes crucial for XAU/USD traders seeking direction.


Suggestion