Gold prices fell to their lowest level since mid-February. The strengthening of the United States dollar exchange rate and the increase in interest rates by the US Federal Reserve reduce the attractiveness of gold as an inflation hedge. The dollar remains near a 20-year high, While the 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a major psychological milestone.
XAUUSD 27th APRIL 2022
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Russia-Ukraine conflict heats up, making gold prices bullish. 5th May 2022, Putin officially declared war on Ukraine on May 9. Until recently, Putin had insisted on referring to the brutal months-long conflict as a "special military operation," effectively banning words like invasion and war.