DragonCaptain

IS GOLD DROWING? OVERVIEW TECHNICAL!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
We saw last week that problems getting the vaccinations distributed, rising coronavirus cases, weakening economic data and a dovish tone from the Chairman of the Federal Reserve failed to fuel a rally in Gold. And why was this? Rising Treasury yields and safe-haven demand for the U.S. Dollar.

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