Gold (XAUUSD) & 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.
Read more ...
https://www.fxempire.com/forecasts/article/gold-xauusd-silver-price-forecast-bulls-seek-recovery-after-channel-breakdown-1522196
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.
Read more ...
https://www.fxempire.com/forecasts/article/gold-xauusd-silver-price-forecast-bulls-seek-recovery-after-channel-breakdown-1522196
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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.
Read more ...
https://www.fxempire.com/forecasts/article/gold-xauusd-silver-price-forecast-bulls-seek-recovery-after-channel-breakdown-1522196📱 Scan this QR to open paste
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