Gold price assessment this week TVC:GOLD During this week, the gold price has continuously dropped from 1,912$ to 1,884$ and closed at 1,889 USD/oz. Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting...
TVC:GOLD commentary on August 22 : Gold prices consolidate within the range below the 1,902$ mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven TVC:GOLD . The daily chart of the TVC:GOLD pair shows that the downtrend is still in...
Strategy and analysis TVC:GOLD Gold fell to a near 6-month low as on Thursday the US Treasury yields edged higher and the strong dollar delivered a one-of-a-kind punch to the bulls yellow metal. Minutes of the Fed's July meeting showed midweek that most members of the rate-setting committee favored higher rates to curb inflation. The prospect of higher US...