Gold Price Outlook Turns to Fedspeak After Consumer Inflation Expectations Jitter
2021-05-11 06:00:00
Daniel Dubrovsky,
Strategist
Gold, XAU/USD, US Dollar, Treasuries, Fed, Inflation Expectations - Talking Points:
Fed inflation expectations survey unnerved markets, eyes on speeches
XAU/USD remains in a near-term uptrend, broader downtrend holds
Anti-fiat gold prices climbed over the past 24 hours, but the yellow metal lost most of its upside progress during the Wall Street trading session. XAU/USD initially capitalized on a falling US Dollar in the aftermath of last week’s disappointing non-farm payrolls report. But, risk aversion reversed this trend as the haven-linked Greenback regained some of its lost ground.