Gold and Silver Prices Rebound After Big Drop. Are More Gains Ahead?

DailyFX2021-08-10

GOLD PRICE OUTLOOK: Gold prices plunged over 4% in just two days before bouncing back slightly Traders are eyeing US inflation data for clues about rising price levels and their ramifications for the...

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Comments

NgKenny
2021-08-10
NgKenny
Nice
- NgKenny:
  Good
weiyun
2021-08-10
weiyun
Speculative
Kimchijjigae
2021-08-10
Kimchijjigae
??
Ivan8888
2021-08-10
Ivan8888
Nice.
- weiyun:
  Agree
Genesis11
2021-08-10
Genesis11
Like pls
- TeikLeong:
  ok
- 来发财:
  ok

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Are More Gains Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 13:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/market_alert/2021/08/10/Gold-and-Silver-Prices-Rebound-After-Big-DropAre-More-Gains-Ahead.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD PRICE OUTLOOK:\n\nGold prices plunged over 4% in just two days before bouncing back slightly\nTraders are eyeing US inflation data for clues about rising price levels and their ramifications for the...</p>\n\n<a href=\"https://www.dailyfx.com/forex/market_alert/2021/08/10/Gold-and-Silver-Prices-Rebound-After-Big-DropAre-More-Gains-Ahead.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_SILVER","symbol_name":"现货白银","start_time":0,"source_url":"https://www.dailyfx.com/forex/market_alert/2021/08/10/Gold-and-Silver-Prices-Rebound-After-Big-DropAre-More-Gains-Ahead.html","article_id":"1184491952","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184491952","pubTimestamp":1628572426,"sourceInfo":{"source_id":"lsy1568971417606","name":"DailyFX"},"weMediaInfo":null,"summary":"GOLD PRICE OUTLOOK:\n\nGold prices plunged over 4% in just two days before bouncing back slightly\nTrad","collect":0,"end_time":0,"defaultTopTitle":"dailyfx.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"黄金和白银价格大幅下跌后反弹。未来会有更多的收获吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GCmain":0.9,"GOLDmain":0.9,"MGCmain":0.9,"SImain":0.9,"SILVERmain":0.9},"content_text":"GOLD PRICE OUTLOOK:\n\nGold prices plunged over 4% in just two days before bouncing back slightly\nTraders are eyeing US inflation data for clues about rising price levels and their ramifications for the Fed\nSilver prices breached a supporting trendline too, exposing the next key level at $22.90\n\nGold - Daily Chart\nGold prices rebounded modestly during Tuesday’s APAC sessionafter falling 4.17% over the last two trading days. Buyers are probably back to the market looking forbargain-huntingopportunities after the big selloff, but questions remain about whether this technical rebound will be sustained.\nA surprisingly strongJuly nonfarm payrollsreport spurred fears about tapering stimulus. Bullion traders liquidated their positions quickly amid fears that the Fed may scale back monthly bond purchases sooner than markets had anticipated. The DXY US Dollar indexclimbed to a two-week high, rendering bullion less appealing to investors who are holding foreign currencies.10-year Treasury yieldssurged to above 1.30%, exerting downward pressure on gold and silver because when rates move higher, the opportunity cost of holding the non-interest-bearing metals rises.\nLooking ahead, traders are eyeing Wednesday’s US headline andcore inflation datafor clues about rising price levels and their ramifications for Fed policy. 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