GOLD: Stock Market Volatility Still Dominate Short-term Sentiment
1.
$Gold - main 2506(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Wednesday (9 April) Asian morning trading, spot gold to maintain a narrow range of oscillation, trading in the vicinity of 2978 U.S. dollars.
The previous trading day, gold prices rebound blocked, the plate once rushed to 3022 U.S. dollars, but by the U.S. bond yields climbed and U.S. stocks fell dragged down, and ultimately retracted the gains, closing near 2982.
Despite the weakening of the dollar and trade tensions to provide safe-haven support for gold, the market's concerns about weak demand for U.S. bond markdowns, the outlook for Federal Reserve policy and increased stock market volatility still dominate short-term sentiment !
2.
Gold continues to maintain a downward trend in the New York market! Sell orders are making a big profit. It is expected that the gold price will stabilize around 2910! There is still a risk of a correction in the short term!
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