Gold Price Outlook – Slumping Into Important Support Levels as US Bond Yields Jump
Summary
By sueyangfx.com February 17, 2021 at 10:31AM The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
February 17, 2021 at 10:31AM
The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower