Hello traders, Gold has shown its first signs of decline today after a week of continuous price increases. Currently, this metal is trading at $1873.
With the value of the USD soaring overnight, the yield on 10-year US bonds has risen to 4.65% and 2-year bonds to 5.07%. This has put pressure on gold and there is a possibility of a downward trend in the near future. My target is $1835.
With the value of the USD soaring overnight, the yield on 10-year US bonds has risen to 4.65% and 2-year bonds to 5.07%. This has put pressure on gold and there is a possibility of a downward trend in the near future. My target is $1835.
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