Gold returns below $1,920 as US yields edge higher
Greetings wealthy traders! How do you feel about the current state of gold prices? At present, gold is experiencing a decline and has fallen below $1,920 during the latter part of Thursday. Following a calm trading session in Europe, there was an increase in the 10-year US Treasury bond yield to 4.3% due to positive US data, resulting in XAU/USD trending downward.
Now it's your turn - kindly share your opinions on this matter by leaving a comment below.
Now it's your turn - kindly share your opinions on this matter by leaving a comment below.
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As expected, the consumer price index report of August will be published on September 13.
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Gold has returned to the correct price of 1925 USD
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“The recent reversal in US economic data from weak to strong, once again increases expectations that the US Federal Reserve (FED) may not yet make the move to raise interest rates.”
