News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:
  • Want to hear my thoughts on the US Dollar? Check out yesterday's recording with #AuzBiz hosted by @KaraOrdway on 'The Trade' We discussed a #USD index, Treasury yields, $USDJPY, $AUDUSD and $NZDUSD
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:
  • Feels like the market has been front-running next week’s FOMC announcement, which will reveal updated dot plot projections. Expectations clearly set for a more hawkish shift in guidance. That said, if the Fed does not deliver, US Dollar bulls could be disappointed. $USD $DXY
  • USD/CAD has been chopping around the past week-and-a-half, offering virtually no cues on its next direction. Get your market update from @PaulRobinsonFX here:
Gold Price Forecast: Rising Yields Threaten XAU/USD as Technicals Sour

Gold Price Forecast: Rising Yields Threaten XAU/USD as Technicals Sour

Peter Hanks, Strategist

Gold Price Outlook:


Gold Price Forecast: Rising Yields Threaten XAU/USD as Technicals Sour

Gold quickly surrendered gains it established at the beginning of the month as the precious metal backed away from its November high around $1965. Recent USD strength was likely a contributing factor to weakness in XAU/USD, but rising yields were likely the more heavy-handed culprit. Considered a safe store of value during market turbulence, gold is inversely correlated with treasury rates as investors can carry risk-free bonds with a certified return instead of the yellow metal which does not provide a return unless it appreciates.

Gold (XAU/USD) Price Chart: 4 – Hour Time Frame (August 2020 - January 2021)

gold price chart

How to Trade Gold: Top Gold Trading Strategies and Tips

The relationship between yields and gold may prove troublesome for the commodity as rates have begun to rise – and rise swiftly. The increase coincided with the recent downturn in XAU/USD as the metal backed off resistance and plunged to support along the descending trendline derived from the August swing-low. Should yields continue to rise, gold may experience further downward pressure and seek out secondary and tertiary support just north of $1800 and off the November low of $1765.

Still, US 10-year yields have already slowed their ascent and there is little to suggest a meteoric rise that might push gold beneath the November low. Furthermore, a continued rise in treasury yields might elicit a response from the Federal Reserve in the form of yield curve control which may cap the return of treasuries and effectively backstop the precious metal.

Combined with potential fiscal stimulus to the tune of trillions of Dollars, there are arguments to be made for a continuation higher in gold over the longer-term. That being said, the current technical landscape is one of weakness.

Gold (XAU/USD) Price Chart: Daily Time Frame (February 2020 - January 2021)

gold price chart death cross formation

The prolonged decline since August has etched out a series of lower-highs while the November trough is yet another concerning development. Together, price action has painted a picture that might suggest further losses before a meaningful recovery. A freshly-posted “death cross” formation on the daily chart is the most recent indication gold weakness may persist. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Strategist for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.