logo |

News

    Home   >     Industry    >     Main body

    Gold & Silver Prices Get Bullish Cue from Dovish Fed, Weak USD

    Abstract:Gold & Silver Prices Get Bullish Cue from Dovish Fed, Weak USD

      GOLD & SILVER PRICE FORECAST BULLISH AS PRECIOUS METALS REACT TO DOVISH FED, SOFTER REAL YIELDS, WEAK US DOLLAR

    •   Precious metals like gold (XAU/USD) and silver (XAG/USD) look positioned to stretch higher

    •   Gold and silver outlook is constructive on the back of patiently dovish guidance from the Fed

    •   Broad-based US Dollar weakness and falling real yields stand to bolster gold and silver prices

      Gold and silver prices turned sharply higher off session lows on Wednesday to close out on positive notes. XAU/USD gained ground with XAG/USD as precious metals popped on the back of a broadly weaker US Dollar. This came in response to the latest Fed update, which echoed how the central bank plans to leave its policy path unchanged for the foreseeable future.

      GOLD PRICE CHART WITH SILVER & TEN-YEAR TREASURY YIELD OVERLAID: 5-MINUTE TIME FRAME (28 APRIL 2021 INTRADAY)

    gold

      Dovish Fed policy guidance stands to keep exerting downward pressure on real yields and the US Dollar. In turn, these typically bullish fundamental drivers for precious metals look to help guide gold and silver prices higher. Other anti-fiat assets, like Bitcoin and Ethereum, might piggyback on this theme as well. Check out this gold price forecast for key breakout levels to watch with FOMC in the rearview mirror.

    yr.PNG

        ==========

          WikiFX, a global leading broker inquiry platform!

          Use WikiFX to get free trading strategies, scam alerts, and experts experience!

          ╔════════════════╗

          Android : cutt.ly/Bkn0jKJ

          iOS : cutt.ly/ekn0yOC

          ╚════════════════╝

    wiki

    Latest News

    Malaysian Ringgit

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Malaysian Ringgit
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.