Gold Stalls The Overnight Pullback From The All-Time Peak
Gold Stalls The Overnight Pullback From The All-Time Peak
Gold price (XAU/USD) witnessed an intraday turnaround on Wednesday and tumbled around $50 after hitting a fresh record high, around the $2,760 region. Against the backdrop of slightly overbought conditions on the daily chart, a further rise in the US Treasury bond yields and a stronger US Dollar (USD) prompted some profit-taking around the non-yielding yellow metal. That said, the US political uncertainty ahead of the November 5 Presidential election and Middle East tensions assisted the safe-haven commodity to stall the corrective slide ahead of the $2,700 mark.
This, along with a modest USD pullback from its highest level since July 30 and retreating US bond yields, attracts some dip-buyers around the Gold price during the Asian session on Thursday. That said, the prospects for smaller interest rate cuts by the Federal Reserve (Fed) should act as a tailwind for the buck and the US bond yields amid deficit-spending concerns after the US election. Moreover, signs of stability in the equity markets might cap the XAU/USD. Traders now look to the flash PMIs for fresh insight into the global economy and short-term impetus.
Our website: 👉 https://financialmarkets.online
Facebook Page: 👉 / financialmarketsinfo
Official Telegram:👉 https://t.me/financialmarketsofficial
Inquiry / Suggestions: [email protected]
⛓️ 🔗 Useful Links 🔗 ⛓️
50% Deposit Bonus 👉 https://bit.ly/3HAwlbT
Copy Trading 👉 https://bit.ly/3Ok28BR
Best Broker 👉 https://bit.ly/3Ok4hgB
Options Trading 👉 https://bit.ly/3w03b3f
Affiliate Link 👉 https://bit.ly/3ubHCMM
Exness 👉 https://bit.ly/42emfag
Payment Systems 👉 https://bit.ly/49dOpEn
BlackBull 👉 https://bit.ly/3Ok3gW7
Affiliates 👉 https://bit.ly/3w1qDNB
Just Markets 👉 https://bit.ly/3wbRrec
AVA Trade 👉 https://bit.ly/42ILUrD
FP Markets 👉 https://bit.ly/42HVB9Z
Vantage Markets 👉 https://bit.ly/49K6FWn
TAGS: #gold #goldprice #goldtrade #goldtrading #goldanalysis #goldtrader #goldnews #fundamentalanalysis #goldtrade #xauusd #goldtradingsignals #goldinvestment #goldinvest #goldinvesting #xauusdforex #xauusdsignal #xauusdanalysis
📺Essential Videos📺
• Gold Price Sticks to Modest Intraday ...
• Silver Price Forecast || XAG/USD Rise...
• Australian Dollar || Receives Downwar...
📊📊Popular Playlists –
• Gold
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
"The information or service is for informational purposes only and is not intended to be personal financial advice do your research we are not responsible for any financial profit or loss"
This is NOT an offer to buy or sell securities.
Investing and trading in Forex Trading is very risky, as anything can happen at any time.
*The channel is not responsible for the performance of sponsors and affiliates.
Watch video Gold Stalls The Overnight Pullback From The All-Time Peak online without registration, duration hours minute second in high quality. This video was added by user Financial Markets 24 October 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 6 once and liked it 1 people.