Gold prices area struggling to break from a choppy range despite market turmoil as the US Dollar remains broadly resilient, capping scope for anti-fiat asset gains.
Litecoin (LTC) slipped over the weekend as cryptocurrencies were caught in the crosshairs of President Trump. Elsewhere, Facebooks Libra coin faces intense regulatory scrutiny.
Crude oil prices rose with stocks while gold prices fell as the US Dollar rose with bond yields after the White House shelved a plan to impose tariffs on Mexico.
The Canadian Dollar gapped higher while the anti-risk Yen fell as markets reacted to reports that the US will shelve planned tariffs on imports from Mexico.
The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.
Gold prices surged as US GDP data drove Treasury bond yields and the Dollar lower. Chart positioning still hints a major top has been established however.
A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.
Even as the US Dollar presses a breakout attempt at fresh yearly highs, Gold prices have stabilized in recent days. Is the downturn over?
Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.
Gold prices may see further gains as US Treasury yields continue their break lower in the near-term.
Crude oil and gold prices may fall if Congressional testimony from Federal Reserve Chair Jerome Powell lifts the US Dollar.
The US Dollar and Yen fell as the markets cheered signs of breakthrough in US-China trade talks. Pondering a deals impact on Fed policy may