Gold price at the end of the transaction: price decreases slight
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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Disclaimer
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.