Gold met buyers around the 1,800 level as the dollar appreciates alongside bond yields XAU XAUUSD $XAU $XAUUSD
s demand for the American currency picked up. Market players are waiting for an update on US inflation. The country will publish the Decemberexpected at 7% YoY, up from a preliminary estimate of 6.8%. The core reading is seen jumping to 5.4% from 4.9%.
Meanwhile, market players are waiting for US Fed Chief, Jerome Powell, due to testify on Tuesday on the renomination to chair the Federal Reserve Board of Governors before Senate Banking Committee.pair offers a neutral-to-bearish stance, as the metal hovers around a directionless 100 SMA, just below converging 20 and 200 SMAs, which also lack directional strength. Technical indicators, in the meantime, head marginally lower yet within neutral levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Los Ángeles: 800 policías y bomberos ausentes por pandemiaUn drástico repunte en los casos de coronavirus ha provocado la ausencia de más de 800 policías y bomberos en Los Ángeles, causando una ligera demora en los tiempos de respuesta de servicios de ambulancia y de incendios
Read more »
Norwegian Archaeologists Find 800-Year-Old Arabic-Inspired Chess Piece | Sci-News.comArchaeologists have found a richly decorated ‘knight’ chess piece at a medieval site in Tønsberg, the oldest city in Norway.
Read more »
Gold Forecast: Recovery After Downward Pressure at the OpenGold markets have fallen a bit on Friday to break down below the bottom of the candlestick from the Thursday session.
Read more »
Gold Coast condo once owned by actor Vince Vaughn sells for $4.9MA full-floor Gold Coast condominium once owned by actor and Chicago-area native Vince Vaughn sold Thursday for $4.93 million. The condo is on the 35th floor of the Palmolive building.
Read more »
ICYMI: Lululemon's Secret Sale Section Is A Gold MineLululemon's We Made Too Much section is worth a look if you're in need of new activewear.
Read more »
Mariah Bell Glided to Nationals Gold With Throwback 'Hallelujah' Free Skate — See Photos.MariahBell96 brought back her 'Hallelujah' free skate from 2020 Nationals that clinched silver. At Friday night's ToyotaUSChamps22, it helped earn her the gold!
Read more »