USD increased sharply, causing Gold to plummet
Updated
Hello everyone! Today we continue with the ongoing streak of gold price reductions, currently trading at $1818 with signs of approaching the $1800 price range.
The increase in US bond yields and the strengthening of the USD continue to pose a threat and exert pressure on precious metals. Faced with pressure from the USD and US bonds, this precious metal market is facing disadvantages, leading investors to limit their holdings. The downward movement in global gold prices today is inevitable.
The increase in US bond yields and the strengthening of the USD continue to pose a threat and exert pressure on precious metals. Faced with pressure from the USD and US bonds, this precious metal market is facing disadvantages, leading investors to limit their holdings. The downward movement in global gold prices today is inevitable.
Comment
good luck everyoneComment
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.