 "crude oil prices")
Gold
There are two challenges for Gold. Until now, gold had to fight rising bond yields but now momentum has started in US dollar which is another challenge for gold. Positive investor sentiment that the US economy will see a stronger-than-expect recovery is pushing the US dollar index above 91, its highest level in four weeks. Gold market will struggle as long as it is below $1,760 and if it breaches $1,700, then we may see prices getting pushed till $1,680-$1,660.The latest stimulus measures are bullish for gold in the long-term as they are expected to push inflation higher
There are two challenges for Gold. Until now, gold had to fight rising bond yields but now momentum has started in US dollar which is another challenge for gold. Positive investor sentiment that the US economy will see a stronger-than-expect recovery is pushing the US dollar index above 91, its highest level in four weeks. Gold market will struggle as long as it is below $1,760 and if it breaches $1,700, then we may see prices getting pushed till $1,680-$1,660.The latest stimulus measures are bullish for gold in the long-term as they are expected to push inflation higher
