BlogHotel.orgAccueil | Créer un blog | Imprimer la page Imprimer | Blog hasard Au hasard | Chercher des blogs Rechercher | Entrer dans le chat du blog Chat | | Jeux Jeux | Adminitration et édition du Blog Manager

wisepowder Accueil | Profil | Archives | Amis
wisepowder

​Gold May Lose Glitter on Changed Fundamentals27/1/2021
Gold opened 2020 with a striking momentum, hitting as high as $1,950/ounce. Despite the following rosy expectations, the yellow metal, instead of extending their gains, suffered from huge losses.To get more news about WikiFX, you can visit wikifx official website.
  Gold prices endured a loss in excess of -2.5% during the first week of the year. What's more, the US Non-Farm Payrolls released in the second week dragged them below the $1,900 barrier, a drop of more than $100.
  The mounting uncertainties arise from the rampant pandemic contributed to the previous boom in gold. With the US Treasury yields moving higher, however, traders picked up their risk appetite, which shocked the yellow metal heavily.
  Inflation expectations have found their growth hampered, despite the boost from the US fiscal stimulus. As a result, the US real yields increase, undercutting the appeal of gold.
  While the longer-term fiscal stimulus measures in the context of a low-interest rate should be beneficial for gold prices, it may prove to be tough sledding for gold prices the next few weeks if US Treasury yields sustain their advance.
  Technically speaking, golds return back to the August-November 2020 downtrend may pave the way for further losses.
  Use WikiFX (bit.ly/wikifxIN) to discern market trends, capture trading opportunities and make more profits.

Poster un Commentaire

Entry 2381 of 2813
Précédent | Suivant

Blog suivant >> Signaler un abus?Haut de page