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Gold prices (XAU/USD) attracted some buyers today, trading around $2003.
The Federal Reserve's increasing embrace of a tightening cycle has pushed 10-year US government bond yields to a nearly two-month low.
Furthermore, markets are evaluating the possibility of the US central bank starting to cut interest rates in May 2024, which is seen as a favorable catalyst for the precious metal to rapidly increase in price.
Gold prices (XAU/USD) attracted some buyers today, trading around $2003.
The Federal Reserve's increasing embrace of a tightening cycle has pushed 10-year US government bond yields to a nearly two-month low.
Furthermore, markets are evaluating the possibility of the US central bank starting to cut interest rates in May 2024, which is seen as a favorable catalyst for the precious metal to rapidly increase in price.
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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.