Update latest gold price today.
Updated
Gold prices continued to rise slightly on Tuesday as Treasury yields eased, while investors cautiously awaited more data for fresh clues on the Federal Reserve's easing cycle. The 10-year yield fell as the day's report showed a slowdown in manufacturing activity in New York state.
Accordingly, bond yields are putting slight pressure on gold. However, the advantage is still tilted towards a sideways or higher scenario for gold in the short term, assuming that both bond yields and the USD will decline.
In the current environment, I appreciate the surprising strength of this precious metal. Gold has not succumbed to the strength of the USD and Treasury yields, and the rally continues to be simmering.
Accordingly, bond yields are putting slight pressure on gold. However, the advantage is still tilted towards a sideways or higher scenario for gold in the short term, assuming that both bond yields and the USD will decline.
In the current environment, I appreciate the surprising strength of this precious metal. Gold has not succumbed to the strength of the USD and Treasury yields, and the rally continues to be simmering.
Trade active
niceTrade closed: target reached
.
Related publications
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.