Gold Price Forecast: XAU/USD clings to mild gains near $1,630 as DXY pares post-Fed gains ahead of US ISM PMI – by anilpanchal7 Gold XAUUSD Fed PMI RiskAppetite
buyers amid sluggish hours of Thursday. It should be noted that the US 10-year bond coupons eased to 4.096% while its two-year counterpart snaps a four-day uptrend as it drops to 4.611% at the latest.
On the contrary, the escalating geopolitical tensions between North Korea and Japan join the risk-negative covid news from China to exert downside pressure on the sentiment. That said, North Korea’s firing of missiles and Japan’s warning to residents weigh on the market’s risk profile, which in turn weighs on the risk barometer pair.
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