Gold Price Forecast: XAU/USD Lacks Directional Conviction On Conflicting Market Forces
April 09, 2022 at 19:44 PM EDT
Gold prices (XAU/USD) rose 0.7% to ~$1,945 for the week, despite broad-based U.S. dollar gains and soaring rates. Over the five-day period, the DXY Index jumped 1.3%. Meanwhile, the Treasury curve shifted sharply higher.