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Gold Price Outlook – Sellers Remain in Control as US Treasury Yields Jump

GOLD PRICE (XAU/USD), CHART, AND ANALYSIS: UST 2-year yields are back at highs last seen in March 2020. Gold breaks below $1,800/oz. Wednesday’s US PCE release the next driver for the precious metal.   The re-election of Jerome Powell for another four years at the helm of the Fed, while expected, added a dose of volatility across a range of asset classes yesterday with gold one of the big losers on the day. US Treasury yields ticked higher as markets continued t

MongiIG

MongiIG in Market News

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