Gold Range Holds As High Rates Limit Upside

Gold Range Holds As High Rates Limit Upside

MENAFN- Daily Forex) Top Regulated Brokers1 Get Started 74% of retail CFD accounts lose money Gold looks comfortable enough on the surface, but that does not necessarily make the market straightforward. The metal has continued to find buyers when it softens, even as the backdrop for non-yielding assets remains far from ideal.That resilience matters. At the same time, there has been very little appetite to push the market decisively in either direction. For now, this looks less like a market building momentum and more like one waiting for a reason to choose a side the Current Gold Setup MattersThe important point is that gold has been able to rally despite elevated interest rates in the United States. Normally, that environment can work against gold, as higher yields raise the opportunity cost of holding an asset that does not offer income. The fact that the market has held together nonetheless suggests that underlying support remains present.A good deal of that support appears to come from the same familiar sources: safe-haven demand, uncertainty in the bond market, and continued central-bank accumulation. None of those forces necessarily...