XAUUSD: Expectations will increase again

The gold sell-off took place when US 10-year bond yields rose to their highest level since October 2007, above 4.6%. Meanwhile, the USD Index has increased over 106 points, reaching its highest level since late November.

“Gold has held its value quite well, but investors now have to face the reality that the US Federal Reserve (Fed) will not lower interest rates anytime soon. Higher interest rates are here to stay, because of this, gold has been hit hard.”