Gold prices move lower on Tuesday, easing back after posting back-to-back session gains.
Moves in the U.S. dollar and Treasury yields continued to influence prices for the precious metal as investors await Friday’s speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole, Wyo., economic policy symposium.
Analysts noted that gold prices are showing signs of stabilizing ahead of Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole later this week. “Subsequent economic data on the U.S. job market and on inflation could determine the next steps in monetary policy and could affect gold’s performance,” he said.
Meanwhile, although Treasury yields slipped from 16-year highs on Tuesday, they remained near their highest levels since 2007.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD appears bearish past $1,900, focus on PMI, Jackson HoleGold Price (XAU/USD) marks an unimpressive start of the trading week around $1,890, after declining in the last four consecutive weeks. In doing so, t
Leer más »
Gold Price Forecast: XAU/USD kicks off the week in a consolidation around $1,890Gold price struggles to snap a losing streak, treading waters near $1,890 per troy ounce during the Asian session on Monday. The Gold is also benefiti
Leer más »
Gold Price Forecast: XAU/USD sellers eye $1,865 and central bankersGold Price (XAU/USD) remains on the back foot at the lowest level in five months as market players seek solace in the US Dollar amid uncertainty ahead
Leer más »
Gold Price Outlook: XAU/USD Still Vulnerable Amid Bullish Retail BetsGold prices recently concluded 4 consecutive weeks of losses and retail traders are becoming increasingly bullish. Is this a warning sign that XAU/USD may continue lower ahead?
Leer más »
Gold Price Forecast: XAU/USD looks to recapture $1,900, falling wedge, Jackson Hole eyedGold Price (XAU/USD) manages to hold ground near the lowest level in five months, recently picking up bids to around $1,895 amid the early hours of Tu
Leer más »
Gold Price Forecast: XAU/USD remains below $1,900, awaits Fed's Jackson Hole SymposiumGold price struggles to capitalize on the previous day's positive move and oscillates in a narrow trading range below the $1,900 mark during the Asian
Leer más »