Fri. Jan 15th, 2021

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Gold prices higher today

1 min read

Gold bars

Gold prices ticked higher on Tuesday as Asian stocks slipped on political ferment in Washington and a global surge in coronavirus cases, although a firmer dollar and higher U.S. Treasury yields limited gains.

Spot gold rose 0.2% at $1,847.96 per ounce by 0235 GMT, after touching its lowest since Dec. 2 in the previous session. U.S. gold futures eased 0.2% to $1,847.30.

Asian stocks mostly traded lower as Democrats in the U.S. House of Representatives barreled towards impeaching U.S. President Donald Trump in the wake of Capitol siege last week.

Short-term gold is still vulnerable to U.S. dollar sentiment and yields, but gold is finding some support around the $1,830 level and it may use that as a base to consolidate and push higher from.

Benchmark 10-year Treasury yields held firm at 10-month highs as investors adjusted for higher government spending, helping the dollar firm and making gold expensive.

Higher bond yields increase the opportunity cost of holding the non-interest yielding gold.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.