Trading_Gold_Guru

Trading_Gold_Guru Updated 

Gold prices declined for the eighth consecutive session on Wednesday as U.S. Treasury bond yields surged, fueling expectations that the Federal Reserve will maintain higher interest rates for a longer period, weighing on investor sentiment. Spot gold contracts dropped by 0.1% to $1,821.69 per ounce, while U.S. gold futures fell by 0.4% to $1,834.80 per...

Trading_Gold_Guru Updated 

Gold prices fell to near a 7-month low on Tuesday as the U.S. dollar strengthened and yields surged, raising the possibility of higher interest rates in the United States. At the end of Tuesday's trading session, spot gold prices dropped 0.3% to $1,822.42 per ounce, the lowest level since March of this year. U.S. gold futures also fell 0.4% to $1,840 per...

Trading_Gold_Guru Updated 

Gold prices have extended their slide for a sixth consecutive session, reaching a nearly seven-month low. The robust US dollar and the potential for higher interest rates in the United States have dampened the appeal of this precious metal. Spot gold contracts fell by 0.8% to $1,835.40 per ounce, their lowest since March 10th. Meanwhile, US gold futures dropped...

Trading_Gold_Guru

The bond yields and the US dollar have an impact on the gold market. However, most significantly, gold is negatively affected by the sell-off in US bonds, causing the dollar to rise as investors chase yields. Bond yields, compared to the yield on the 10-year US Treasury bond, fluctuated below 4.58 on Friday after reaching a 16-year high of nearly 4.69 on...