Positive vaccine progress, fiscal stimulus hopes and an unperturbed Federal Reserve may open the door for long-term Treasury yields to continue pressing higher, and in turn weigh on gold prices.
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Crude Oil prices found support after an EIA report showed a large draw in fuel products following a major US storm that dented refinery capacity. Thursday’s OPEC meeting is in focus.
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US equities moved lower as rising Treasury yields were back in focus. Meanwhile, the Australian Dollar faces key levels against the Greenback and New Zealand Dollar ahead of January trade data.
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Gold price action is getting slammed lower again with Treasury bond yields back on the rise, but will the upcoming speech from Fed Chair Powell reinvigorate precious metal bulls?
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Crude Oil prices found support after an EIA report showed a large draw in fuel products following a major US storm that dented refinery capacity. Thursday's OPEC meeting is in focus.
from DailyFX – Market News https://bit.ly/2OgQdse
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Educ Arte Económico 