XAUUSD prices continue to rise for the second consecutive day and are staying near a peak that hasn't been reached in over two weeks. The decline in US bond yields is weakening the US Dollar and providing some assistance to the value of gold.
However, expectations of further interest rate increases by the Federal Reserve may limit significant gains for the precious metal.
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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.