Gold is trading low against greenback today the yellow metal is pressured by U.S. Treasury yields that are on the rise again, and by a slight rebound in the U.S. dollar index today. Thursday's report on first-quarter U.S. gross domestic product report showed a rise of 6.4% compared to market expectations for a rise of [...]
Gold is trading upside against greenback This is mainly due to the persistent weakness US Treasury yields. But the demand for the US dollar, amid concerns over the US President Biden’s $2.25 trillion infrastructure stimulus and covid infections is acting as a barrier in the upside trading of gold. U.S. 10-year Treasury yields has edged [...]
The yellow metal is trading upside against the greenback as yields dropped for U.S. 10-year Treasury notes to 1.56%, and geopolitical tensions rose between the United States and China as well as Russia. There seems to be a rising tension between the United States and China, as well as between the United States and Russia. [...]
The yellow metal struggles to find consistent bullish momentum. One of the gold market analyst said that investors should stop paying attention to the irrational selloff in the bond market and instead focus on long-term fundamentals as global deficits and debt continue to grow. George Milling-Stanley, chief gold strategist at State Street Global Advisors, said [...]
