The pain in US Treasury yields across the curve was worsened by rising anticipation that the Fed may slow down on rate hikes, which led to an extended sell-off in the dollar. The benchmark US 10-year rate dropped by about 25 basis points in just two days, approaching 4%. The American dollar suffered as a Read More
Prior to the important US Consumer Price Index, the gold price (XAU/USD) reverses the previous day’s comeback off the weekly low by accepting offers to renew the intraday low (CPI). The recent decline in the price of metal may be related to the hawkish outlook for the Fed’s next move, particularly in light of the Read More
Tuesday saw strong two-way trading for the colourful metal, but the day ended in the red, extending its five-day losing run and hitting weekly lows. Although robust dollar demand continued to favour gold sellers, a slight decline in US Treasury yields served to lessen the pain in the bullion market. After US Secretary Janet Yellen Read More
Gold prices are fluctuating in a small range over $1,700 while attempting to establish a distinct directional bias. In the lead-up to the NFP clash, investors have switched to cautious trading as the US currency hangs onto recent gains and Treasury yields. On the daily sticks, the rally to three-week highs earlier this week that Read More
