Gold futures ended with a modest gain, up a second straight session Wednesday. “Gold’s slide might not be over, but no one wants to aggressively be short right now,” said Edward Moya, senior market analyst at OANDA. “Gold is forming its pre-Jackson Hole range and it looks like it could be the $1,740 to $1,780 zone.” After the Jackson Hole economic symposium, “traders should know enough as to whether the rise in [Treasury] yields continue, and that will dictate what happens with gold,” he said. December gold GCZ22,
USDJPY forecast: the pair declines amid rising inflation in Japan
The USDJPY rate plunged below 150.00 amid the release of Japan’s stronger-than-expected inflation statistics for January. Discover more in our analysis for 21 February 2025.
