Gold's Uncertain Path: NFP Indecision, Bitcoin Comparisons, and Rate Hike Speculations
TL;DR Summary
Gold prices remain rangebound as market participants await the US jobs report, with US 10-year yields hitting a three-month low and safe-haven appeal supporting the precious metal. Silver is eyeing a bullish continuation after a retracement into a key confluence area. The technical outlook for gold shows it caught in a range, while silver may continue its recent bullish move. The upcoming jobs report and Fed meeting will likely impact metal prices in the short term. Overall, the metals sector is expected to rise in 2024 due to growing demand and geopolitical uncertainty.
- Gold Price Forecast: Gold Rangebound as Indecision Reigns Pre-NFP, Silver Eyes Support DailyFX
- Don’t count on bitcoin, gold or the Fed CNN
- Gold remains moderately bid on hopes that rate hikes are over FXStreet
- Gold Market: The Yellow Metal's Fickleness Makes It Bitcoin for Boomers Bloomberg
- What is going on with gold? The Financial Express
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
87%
702 → 93 words
Want the full story? Read the original article
Read on DailyFX