XAU/USD advances on Wednesday, changing hands at around $1,982 a troy ounce. Financial markets are watching Wall Street’s earnings reports while asse
XAU/USD Current price: $1,980.67 Mixed earnings reports affect the market sentiment ahead of first-tier events. The US Dollar stands on the back foot despite an uptick in Treasury yields. XAU/USD quickly regained the upside on an intraday dip, bulls retain control. ssing the economic outlooks ahead of Thursday’s first-tier events. On the one hand, financial markets anticipate the United States economy has grown substantially between July and September, at an annualized pace of 4.
The Nasdaq Composite is sharply down after mixed figures from big tech names. The S&P500 also trades in the red, while the Dow Jones Industrial Average posts modest intraday gains. Finally, government bond yields are up, with the 10-year Treasury note adding 7 basis points to hover at 4.91%. XAU/USD short-term technical outlook Technical readings in the daily chart for XAU/USD favors another leg north, although the pair still trades below the monthly peak at $1,997.17.
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