Gold Prices Struggle Despite Dollar Declines, Crude Oil Turns to US Sentiment 2020-12-11 06:00:00 Daniel Dubrovsky, Strategist
Gold, XAU/USD, Crude Oil, Covid Vaccine, US Sentiment Data, Technical Analysis - Talking Points:
Gold was unable to capitalize on weaker USD, Treasury yields
XAU/USD may be at a turning point, WTI momentum is fading Advertisement
Anti-fiat gold prices traded relatively flat on Thursday despite what typically tends to be a bullish scenario for the yellow metal, signaling underlying weakness. Both the US Dollar and Treasury yields were down for the day, with declines in the former usually beneficial to commodity prices. Growth-linked copper closed at the highest since February 2013 as demand from China boosted iron ore futures.