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Back Fundamental analysis
Without clarity from Warsh, the path is one — to $4,000
Today gold interrupted a two-day decline
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Today gold interrupted a two-day decline and gained about 1.1%, rising above $4,340 per ounce. The market still prices roughly a 93% probability of a rate hike after hotter-than-expected inflation data last week. Higher rates are usually negative for non-yielding gold, so easing of the oil factor, rather than doubts about the Federal Reserve decision, gave the metal room to bounce.Ten-year US Treasury yields retreated slightly after reaching near-two-decade highs. Two-year yields, which are more sensitive to near-term rate moves,
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
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