Gold Prices May Fall as Market Rout Resumes, Boosting US Dollar
Summary
By sueyangfx.com January 29, 2021 at 07:41AM Gold prices may succumb to selling pressure if a broad-based market selloff resumes, boosting haven demand for the US Dollar. Upbeat PCE inflation data might encourage weakness.
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
January 29, 2021 at 07:41AM
Gold prices may succumb to selling pressure if a broad-based market selloff resumes, boosting haven demand for the US Dollar. Upbeat PCE inflation data might encourage weakness.