Gold & Silver Price Forecast: Bulls Seek Recovery After Channel Breakdown
Market Overview
Gold (XAU/USD) prices rebounded modestly during the early Asian session, climbing above the key $3,300 mark after slipping to weekly lows. However, this recovery faces headwinds from a stronger US dollar, which remains buoyed by unexpectedly robust US economic data.
Durable Goods Orders in April declined by 6.3%—a sharp drop but better than the 7.9% market forecast. The Conference Board’s US Consumer Confidence Index jumped to 98 in May, the highest since early 2021, signaling renewed optimism amid easing global trade tensions.
Gold (XAU/USD) prices rebounded modestly during the early Asian session, climbing above the key $3,300 mark after slipping to weekly lows. However, this recovery faces headwinds from a stronger US dollar, which remains buoyed by unexpectedly robust US economic data.
Durable Goods Orders in April declined by 6.3%—a sharp drop but better than the 7.9% market forecast. The Conference Board’s US Consumer Confidence Index jumped to 98 in May, the highest since early 2021, signaling renewed optimism amid easing global trade tensions.
🪙 Faucet BTC - Earn Free Satoshi
🚀 Claim Bitcoin easily — no account needed!
Just enter your BTC address, claim free satoshi, and once your balance hits 1000 satoshi, we will send it to your wallet automatically.
Just enter your BTC address, claim free satoshi, and once your balance hits 1000 satoshi, we will send it to your wallet automatically.
Market Overview
Gold (XAU/USD) prices rebounded modestly during the early Asian session, climbing above the key $3,300 mark after slipping to weekly lows. However, this recovery faces headwinds from a stronger US dollar, which remains buoyed by unexpectedly robust US economic data.
Durable Goods Orders in April declined by 6.3%—a sharp drop but better than the 7.9% market forecast. The Conference Board’s US Consumer Confidence Index jumped to 98 in May, the highest since early 2021, signaling renewed optimism amid easing global trade tensions.📱 Scan this QR to open paste
💬 Comments