Gold and Silver Prices May Turn Higher as Long-Term Treasury Yields Stagnate
2021-04-15 03:00:00
Daniel Moss,
Analyst
Gold, Silver, XAG/USD, XAU/USD, US 30-Year Treasuries – Talking Points:
Stagnating long-term Treasury yields could open the door for anti-fiat precious metals to gain ground in the coming weeks.
Long-term technicals continue to remain constructive for both gold and silver.
Anti-fiat gold and silver prices have clawed back lost ground in the month of April, after a tumultuous sell-off in longer-term US Treasuries drastically undermined the precious metals market earlier in the year. There was an expectation that inflation data would drive yields even higher in the near term and in turn intensify the downward pressure on gold and silver, as base effects come into play.
Gold Price Forecast: Long-Term Technical Picture Remains Constructive for XAU/USD
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Gold Price Forecast: Long-Term Yields May Keep XAU/USD on the Backfoot
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Gold Price Forecast: XAU Tanks Hard as Yields, Inflation Fears Climb
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Bitcoin Price Analysis: Tesla Adoption Propels BTC/USD to Record Highs
2021-02-08 23:39:00
Daniel Moss,
Analyst
Bitcoin, Elon Musk, Tesla, Inflation Expectations, BTC/USD – Talking Points:
Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs.
Rising inflation expectations may continue to bolster BTC in the near-term.
The break above Bull Pennant resistance hints at further upside for the anti-fiat asset.
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Bitcoin prices surged above the $44,000 mark to fresh record highs, on the back of news that Tesla has invested $1.5 billion in the popular cryptocurrency and plans to begin accepting it as a form of payment. The California-based electric vehicle manufacturer stated that “we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis”.