Gold Rises in Asia as Bond Market Worries Ease Amidst Fed,...
In Asian morning trade, gold climbs as the recent bond market selloff subsides. According to analysts from ANZ, the dip in Treasury yields has provided a boost to investor interest in this precious metal. Bond yields and gold prices tend to have an inverse relationship, making gold more attractive when yields are lower. All eyes are on this week's Jackson Hole symposium, where investors hope to glean further insights into the U.S. Federal Reserve's policy direction. Currently, spot gold sits 0.2% higher at $1,900.25 per ounce.
GOLD SELL 1901 -1903🕯
✅ TP1: 1896
✅ TP2: 1890
⚠️ SL: 1908
GOLD SELL 1901 -1903🕯✅ TP1: 1896
✅ TP2: 1890
⚠️ SL: 1908
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