O Mitrade Insights dedica-se a fornecer aos investidores informações financeiras ricas, oportunas e valiosas para ajudá-los a entender a situação do mercado e encontrar oportunidades de negociação oportunas.
    2021
    Melhor Provedor de Notícias e Análise
    FxDailyInfo
    2022
    Melhores Recursos Educacionais de Forex Global
    International Business Magazine

    Gold Price Forecast: XAU/USD holds steady amid geopolitical tensions

    Fonte Fxstreet
    29/01/2024 23:15
    • Gold rises 0.70%, supported by Middle East tensions and a weaker US Dollar.
    • Safe-haven demand for gold spikes following drone attack in Jordan, amid global uncertainties.
    • Investor attention on Fed meeting, with prevailing expectations of rate hold and focus on future policy outlook.

    Gold price stood firm on Monday, gaining more than 0.70%, sponsored by rising tensions in the Middle East alongside the Greenback (USD) pairing its earlier gains during the day. As the Asian session begins, the XAU/USD exchanges hands at $2031.60, down by 0.07%, after bouncing from a weekly low of $2017.92 yesterday.

    XAU/USD to remain higher amid geopolitical risks linked to Middle East conflict

    Market participants remain cautious ahead of Wednesday's US Federal Reserve (Fed) monetary policy decision. The Greenback was higher on the day but finished the session virtually unchanged at 103.47, as US Treasury bond yields dropped. Consequently, Gold advanced with geopolitical risks rising in the Middle East.

    In regard to that, a drone attack on US citizens in Jordan, which killed three servicemen and 34 wounded, would not be tolerated by the White House, US Defense Secretary Lloyd Austin said “The President and I will not tolerate attacks on U.S. forces, and we will take all necessary actions to defend the U.S. and our troops.”

    Aside from this, the US 10-year Treasury bond yield slipped six basis points to 4.07%, increasing the appeal of the non-yielding metal. The Federal Reserve’s January meeting is expected to keep rates unchanged, adopting a more neutral stance instead of December’s dovish pivot by Jerome Powell and Co.

    The CME FedWatch Tool shows market participants aren’t expecting a rate cut until the May meeting, with 100% odds for 25 basis points and for a 0.50% cut. That could change once the Fed’s decision is out of the way.

    XAU/USD Price Analysis: Technical outlook

    From a technical standpoint, Gold’s is upward neutral biased, braced to the 50-day moving average (DMA) at $2031.67. If buyers' XAU/USD price is above that level, look for a test of the January 12 high at  $2062. Once cleared, that could pave the way to challenge the December 28 cycle high at $2088.48. On the flip side, if Gold slips below the 50-DMA, look for a test of the January 17 low of $2001.92 Further downside is seen at the 100-DMA at $1980.85.

     

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
    placeholder
    Gold Price Forecast: XAU/USD gains momentum near $2,020, FOMC Minutes eyedGold price gains momentum for the fourth straight day during the early European session on Tuesday.
    Fonte  Fxstreet
    Gold price gains momentum for the fourth straight day during the early European session on Tuesday.
    placeholder
    Gold price remains on backfoot amid dwindling Fed rate-cut expectationsGold price (XAU/USD) consolidates in a tight range ahead of the monthly United Sales Retail Sales data for January.
    Fonte  Fxstreet
    Gold price (XAU/USD) consolidates in a tight range ahead of the monthly United Sales Retail Sales data for January.
    placeholder
    Gold price languishes near two-month low, bears await break below 100-day SMAGold price (XAU/USD) remains depressed below the $2,000 psychological mark and touches a fresh two-month low during the Asian session on Wednesday.
    Fonte  Fxstreet
    Gold price (XAU/USD) remains depressed below the $2,000 psychological mark and touches a fresh two-month low during the Asian session on Wednesday.
    goTop
    quote