Gold Forecast - prices look higher after big gain on inflation worries. US retail sales may provide the key for XAU’s direction. XAU/USD eyes psychological 1900 level as prices gain.
Gold prices have been aggressively bid after last week's tariff announcement, finally finding a bit of resistance at fresh six-year-highs.
Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?
After hitting a four-week high in early-May, Gold implied volatility has quickly slumped back towards its all-time low.
The past few days have produced choppy price action in Gold and the US Dollar, but price action after the May Fed meeting may point to near-term resolution.