Gold prices rebounded after the Fed's interest rate stance
Updated
World gold prices increased sharply due to support from the decline in the price of the USD and falling US Treasury bond yields. The Dollar Index has dropped nearly 2.9% in the past 3 months, while the 10-year US Treasury bond yield has decreased about 1.1% compared to the end of October.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
Note
SELL XAUUSD 2035 - 2040 TP1: 2025
TP2: 2015
Sl: 2050
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