Traders now expect the Fed to hold rates steady
For the week, gold is set for its best performance since mid-November last year.
However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm.
Higher interest rates reduce its appeal as a non-yielding asset
However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm.
Higher interest rates reduce its appeal as a non-yielding asset
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.