Gold continues to rise under the effect of the weaker U.S. dollar, which is pressured down by the falling Treasury yields. The falling Treasury yields are diverting the flows out of the dollar and into Gold as an alternative to dollar. US retail sales just beat the estimates with a 9.8% rise and jobless claims fell to 576,000 – sending the positive signal about USA economy – which, still, failed to stop gold bulls at the moment. The other factor adding to the safe-haven inflows into gold is the fact that India and Thailand just reported record daily coronavirus cases – which threatens to undermine Asia’s recovery from the pandemic and is affecting the risk sentiment at the moment.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
GOLD overview 15.04.2021
Gold rises on weaker dollar.
Gold continues to rise under the effect of the weaker U.S. dollar, which is pressured down by the falling Treasury yields. The falling Treasury yields are diverting the flows out of the dollar and into Gold as an alternative to dollar. US retail sales just beat the estimates with a 9.8% rise and jobless claims fell to 576,000 – sending the positive signal about USA economy – which, still, failed to stop gold bulls at the moment. The other factor adding to the safe-haven inflows into gold is the fact that India and Thailand just reported record daily coronavirus cases – which threatens to undermine Asia’s recovery from the pandemic and is affecting the risk sentiment at the moment.
Expected buyers on downward corrections.
Next resistance to watch – 1755.00
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags