XAUUSD - Weaker as U.S. Treasury yields continue to climb
Gold prices fell and hit a five-month low, as yields on US Treasuries were rising, with 10-year yields hitting their highest yield in 15 years at around 4.3%. The current rally in the US dollar index is another bearish factor that keeps gold sellers in control overall. For the last time, December gold fell $5.20 at $1,923.20.
Minutes from the Federal Reserve's last FOMC meeting, released Wednesday afternoon, reminded traders and investors that the Fed remained committed to reducing US inflation. The market considers minutes to be hawkish. US Treasury yields rose further after the release of the minutes, while the US dollar index hit a nine-week high overnight. Gold prices fell to a 5-month low overnight.
Minutes from the Federal Reserve's last FOMC meeting, released Wednesday afternoon, reminded traders and investors that the Fed remained committed to reducing US inflation. The market considers minutes to be hawkish. US Treasury yields rose further after the release of the minutes, while the US dollar index hit a nine-week high overnight. Gold prices fell to a 5-month low overnight.
تعليق:
Bank of America's Hartnett described this week's China data as "shocking" and warned of a credit event that could crash markets and necessitate a coordinated response.
تعليق:
The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies.
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