Gold Price Prediction – Prices Remain Under Pressure

Gold Price Futures

Gold Price Prediction: Gold prices rebounded after testing lower levels on Tuesday, edging up to resistance levels. U.S. Treasury yields moved lower along with the U.S. dollar which provided the backdrop of higher gold prices. The Atlanta Fed increased its forecast of Q1 GDP, expecting it will now show that the U.S. economy expanded by 10%.

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Gold Price Prediction – Prices Remain Under Pressure via @marketinvestor

Gold Price Prediction – Prices Rise for the Week but Remain Rangebound

Gold prices consolidated and closed the week up 1.5% as the dollar moved sideways, and U.S. yields remained stable. U.S. Existing Home Sales came in stronger than expected, rising to a 14-year high. The Senate confirmed Janet Yellen, who will become the first woman to hold U.S. Treasury secretary.

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Natural Gas Price Prediction – Prices Slip Despite Large Inventory Draw

Inventories declined by 187 Bcf. Natural gas prices eased slightly on Friday, despite a larger than expected draw in natural gas inventories. Warmer than normal weather is expected to cover most of the United States’ mid-west for the next 2-weeks which is putting downward pressure on prices.

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Gold Price Prediction – Gold Consolidates After 2% Weekly Rise

Gold prices consolidate their weekly gains on Friday as the dollar rebounded. The Greenback fell to a 33-month low on Thursday and continued to lift the week’s commodity complex. US yields moved higher despite a decrease in riskier assets. US leading economic indicators came out slightly better than expected while the US current account deficit widened by more than expected.

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