Gold remains vulnerable, under $1,300/oz. Higher US yields continue to limit any recovery and remain supportive of the US Dollar. Gold printed a fresh 2018 low earlier today at $1,285.10/oz and then bounced modestly to the upside. The recovery lost strength above $1,290 signaling that downside pressure still persists. Higher US yields continue to affect […] The post Gold unable to recover as USD remains strong supported by yields appeared first on Forex Crunch.
Latest posts by Forex Crunch (see all)
- EUR/USD gasps for breath at 1.17 as the decline continues ahead of German GDP - May 24, 2018
- GBP/USD: Fed-BOE divergence hurts, eyes UK retail sales - May 23, 2018
- China’s Li: China and Germany uphold free trade - May 23, 2018