- Metals lose steam at the start of the Fed meeting.
- XAU / USD hit a two-day high, but then fell back to $ 1790.
- The dollar gains momentum throughout the market, DXY rebounds after Monday’s slide.
The oro It is trading around $ 1792, the same level as Monday’s close. Hours ago, the XAU / USD had reached as high as $ 1796, reaching the highest since Friday before falling back. The yellow metal is losing moment, after not being able to affirm itself on $ 1795.
Should the pullback extend, the weakness would intensify with a decline below $ 1788. While to the upside, above $ 1800, the bullish tone will be reinforced.
The advance of the dollar throughout the market has been one of the contributing factors to limit gold. The Dollar index (DXY) It is up 0.08%, and it is trading at 93.95. The yields of the Treasuries recede slightly.
The the payment it is having a worse time on Tuesday and yields 0.55%, trading below $ 23.90, after failing to sustain above $ 24.00.
The economic calendar is light for Tuesday. The start of the two-day meeting of the Federal Reserve is highlighted. The decision will be known on Wednesday and a broad impact on the bond market is expected, which will be transferred to currencies and metals. On Friday it will be the turn of the official US employment report.
Technical levels
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