Gold Overbought: Tempered Geopolitical Fears, Rising Yields Could Spook the Bulls

Gold Overbought: Tempered Geopolitical Fears, Rising Yields Could Spook the Bulls

Author: RADIO007 April 22, 2024 Duration: 6:14
Gold pulled back at the start of the week as geopolitical tensions eased and the focus shifted to US economic data and earnings reports.
The yellow metal defied gravity in recent weeks, clinging to gains despite rising yields and a strengthening dollar.
Technically, gold remains overbought, but a breakdown in support levels could signal a potential trend reversal.

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EUR/USD holds firm above 1.1900 as US NFP looms [not-audio_url] [/not-audio_url]

Duration: 2:46
EUR/USD holds its upbeat momentum above 1.1900 in the European trading hours on Wednesday, helped by a broadly weaker US Dollar. Markets could turn cautious later in the day as the delayed US employment report for Januar…