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Gold Prices May Fall Further as US Dollar Recovery Continues

Monday, 12 November 2018 16:36 WIB Gold Outlook Gold Corner

Gold prices fell even as bond yields tracked stocks lower and the priced-in rate hike path implied in Fed Funds futures flattened Friday. The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow metal. Looking ahead, gold may continue to suffer as risk appetite recovers. S&P 500 futures are pointing convincingly higher ahead of the opening bell on Wall Street, hinting that a recovery in yields is poised to pressure non-interest-bearing alternatives. For its part, the Greenback seems to have become adept at pivoting from haven- to policy-based arguments for gains. Indeed, it is...

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RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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