fbpx

U.S. Treasury Yields, Rising Dollar Limit Gold’s Rally?

Share This Post

Overnight Market Review (2022.6.9) Before the release of U.S. inflation data, U.S. bond yields and the U.S. dollar rose, limiting the gains in gold prices, while U.S. stocks fell and oil prices rose sharply.

Global gold markets: Gold prices rose on Tuesday as the dollar gave up some of its gains, with gold futures closing up 0.5% at $1,852.10. Global Gold Markets: Gold edged up on Wednesday as concerns over economic growth boosted its safe-haven appeal ahead of U.S. inflation data that could provide guidance on the Federal Reserve’s rate hike schedule. Gold futures were up 0.2% at $1,856.50 an ounce.

At noon in Asian markets on Thursday, gold futures prices settled around $1,850, with rising U.S. Treasury yields restraining gold prices, while investors were in a wait-and-see mood ahead of the release of U.S. employment and inflation data.

U.S. inflation data for May will be released on Friday (June 10). The market expects that the overall and core CPI of the United States are expected to rise by 8.3% and 5.9% year-on-year respectively in May. The prospect of aggressive rate hikes by the Fed is hard to shake.
Michael Langford, director of corporate consulting firm AirGuide, said: “The current market is full of uncertainty, and the price of gold has maintained a range-bound pattern in the short term. However, since April, the price of gold has been on a downward trend.”

All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.

More To Explore

Access The Financial Markets Online Anywhere Anytime

It only takes a few minutes to enter the exciting world of trading

Account Types

Cutting-edge MT5 trading platform, that are designed and developed to provide stability and enable real-time trading.

Social Trading

Cutting-edge MT5 trading platform, that are designed and developed to provide stability and enable real-time trading.

Promotions

Cutting-edge MT5 trading platform, that are designed and developed to provide stability and enable real-time trading.

Introducer Broker Program

Cutting-edge MT5 trading platform, that are designed and developed to provide stability and enable real-time trading.

Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 

Risk Warning:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.

Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Group Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission, ASIC (ACN: 072 424 830)

Ultimate Pinnacle Limited is a company authorised and regulated by the National Futures Association (NFA ID: 0537666)

e-mail: [email protected]