6OCT2021: Price of Gold Fundamental Daily Forecast
Rising Yields, Stronger Dollar Continue to Frustrate Gold Bulls
One reason for the frustration is that gold investors look at the metal as a “safe-haven” asset when they should be looking at it as an investment.
Gold futures are down on Tuesday as Treasury yields dipped and the U.S. Dollar mounted a small recovery of its three-day setback. U.S. stock futures are also edging higher in the pre-market session, suggesting increased demand for risky assets.
One reason for the frustration is that gold investors look at the metal as a “safe-haven” asset when they should be looking at it as an investment.
Gold futures are down on Tuesday as Treasury yields dipped and the U.S. Dollar mounted a small recovery of its three-day setback. U.S. stock futures are also edging higher in the pre-market session, suggesting increased demand for risky assets.