The world gold price fell sharply when the USD bounced up
Rising interest rates and bond yields have increased the opportunity cost of holding non-yielding assets like gold.
Gold price will drop this week. The continued rise in 10-year US Treasury yields along with the greenback will create a headwind for gold.
Rising interest rates and bond yields have increased the opportunity cost of holding non-yielding assets like gold.
Gold price will drop this week. The continued rise in 10-year US Treasury yields along with the greenback will create a headwind for gold.
Note
Gold price declined due to pressure from the rise of USDNote
Wait to BUY in trendNote
XAUUSD BUY zone 1904 - 1902SL 1899
TP 1920
Note
Buy GOLD scalping
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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.