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Gold Price Analysis: Gold prices flatline in the $1880s with daily gains of more than 20 bucks


Dec 17, 2020 23:17 GMTFXStreet News
XAU/USD has flatlined in the mid-$1880s in recent trade as market quieten down pre-Asia.
Gold prices were supported by growing expectations for more Fed action, lower real yields and higher inflation expectations on Thursday.  
Spot gold (XAU/USD) prices have flatlined in the $1880s in recent trade, as markets consolidate in quiet pre-Asia Pacific trade following a day of impressive gains that has seen the precious metal climb more than $20 or 1.1%
Deteriorating US labour market, Fed, inflation expectations, real yields
A few key fundamental factors boosted gold’s value on Thursday. Firstly, the market’s reaction to Fed Chair Jermone Powell’s dovish post-FOMC rate decision press conference did not all happen in one go. Indeed, gold prices rallied throughout the Asia session and then took a leg higher as European participants entered the fray and had time to digest Wednesday’s Federal Reserve event. This delayed react ....

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Gold Price News and Forecast: XAU/USD retreats from monthly highs, still looking at $1900


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