Gold: Pricing stays supported as Fed path questioned – TD Securities
Gold extends correction to $4326 as $4250 blinks
As we see over the Intraday chart, Gold is showing a triangle formation which could push for another drop towards 4380-85 and 4310-30. Each support has the chance to push for a rebound.
Gold Price Forecast: XAU/USD extends reversal below $4.400 amid Fed hawkish repricing
Gold weakens below $4,400 as US Treasury yields surge, Fed rate hike bets rise
Gold traded around 4,460 USD per ounce on Tuesday, remaining near a two-week low. Pressure on the metal has intensified due to rising oil prices and hawkish comments from Fed Chair Kevin Warsh, which have significantly increased expectations of an imminent US rate hike.
Gold at two-week low: Geopolitical risks rise again
Gold – Potential for the bigger drop [Video]
The US dollar ended August with its second consecutive close in the red. Despite a successful end to the summer thanks to Kevin Warsh's ‘hawkish' rhetoric at Jackson Hole, the USD index fell over the month due to the Treasury's intention to lower long-term Treasury yields, slowing inflation, a cooling labour market and a reduced likelihood of the Fed tightening monetary policy.
Oil and Gold: Price review for the week ahead
Gold and silver face pressure from rising Fed hike expectations as U.S. jobs data approaches, while Iran tensions provide competing safe-haven demand.