
Gold Rebounds as the Oil Shock Fades and Yields Stall
The gold price outlook is holding a bullish structure as crude oil falls more than 8% from monthly highs and U.S. Treasury yields stall.
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The gold price outlook is holding a bullish structure as crude oil falls more than 8% from monthly highs and U.S. Treasury yields stall.
USDJPY, Gold, Silver Outlook: Amid a credit rating downgrade and soft economic data, the US Dollar is pulling back within the 100 range on the DXY, while safe-haven assets like gold, silver, and Japanese yen maintain bullish momentum.
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise.
Treasury yields are closely watched as an indicator of economic health, interest rates and inflation. Read our one-page guide to treasury yields, including what they are, what the yield curve is and what it means when the yield curve inverts.
How much longer could inflation be sustained at this level?
If the correlation continues to be strong, watch for USD/JPY to continue to move with US 10-year yields
Whilst net exposure to US 10-year treasury notes were at their most bearish level since the Pandemic began, CFTC data shows it is a function of longs covering.
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