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Gold Price Analysis: Softer demand from central banks and jewellery to cap any upside – HSBC

Gold Price Analysis: Softer demand from central banks and jewellery to cap any upside – HSBC

Gold underperformed year-to-date as economic recovery and risk-on sentiment continue. Strategists at HSBC downgrade gold to neutral because they think it’ll be difficult for the valuable metal to rally strongly from current prices amid now higher bond yields. See…

Market News
Gold Price Analysis: Technical chart suggests a make-or-break moment for XAU/USD

Gold Price Analysis: Technical chart suggests a make-or-break moment for XAU/USD

Gold (XAU/USD) stays below heavy promoting strain so some distance this Tuesday’s trading, as a four-day dropping streak extends amid relentless demand for the US greenback throughout its foremost competitors. The yellow steel is at…