Forex
globalreutersMay 13, 20241 Mins read
Gold corrects after US data shows pessimism mixed with inflation fears
globalreutersMay 13, 20241 Mins read Gold price (XAU/USD) corrects back, falling a half a percent to the $2,340s on Monday after US Consumer Sentiment data suggested interest rates may remain higher for longer, reducing Gold’s attractiveness as a non-yielding asset.
Recent Posts
Categories
Related Articles
Crude Oil Technical Analysis – Testing a key resistance
Fundamental OverviewCrude oil continues to remain supported as the buyers might be...
BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours
It is better to remain restrictive for longerWe can cut more aggressively...
Gold Technical Analysis – The fall in real yields drives the price higher
Fundamental OverviewThe Fed this week finally started its easing cycle and decided...
BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative
US economy achieving soft landing is our main scenarioIf US economy achieves...
Leave a comment