Gold bearish into end of year?
Treasury yields fell after US data last week suggested the CBs are done raising rates and the USA looks to be able to avoid a recession. That gave a nice boost for gold. Now treasury yields are starting to come back up on Saturday. 4.40 may have been the bottom for the 10yr yield signaling a bearish call for gold. We will have to wait and see how PA goes Monday. But I expect a drop to start the week. This could see a bear trend start going into the holidays as risk is still on in the markets.
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