The US Dollar is correcting from six-month highs against its major peers, as the Bank of Japan’s (BoJ) steady policy provided a sense of calm, lifting the overall market mood. Investors’s sentiment was dented by the US Federal Reserve’s (Fed) hawkish stance, which suggested a ‘higher for longer’ interest rate view. The BoJ maintained its ultra-easy monetary policy, signaling it was in no rush to wind up its massive monetary stimulus.
Gold price is capitalizing on a broad US Dollar retreat, rebounding to a critical resistance. The further recovery, however, appears elusive amid a renewed uptick in the US Treasury bond yields. The benchmark 10-year US Treasury bond yield is flirting with fresh 16-year highs of 4.511%.
Gold price is capitalizing on a broad US Dollar retreat, rebounding to a critical resistance. The further recovery, however, appears elusive amid a renewed uptick in the US Treasury bond yields. The benchmark 10-year US Treasury bond yield is flirting with fresh 16-year highs of 4.511%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.