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Critical juncture for gold as higher yields continue to weigh

Critical juncture for gold as higher yields continue to weigh
The precious metal saw its worst weekly performance in seven last week and is keeping at that downside move so far this week. The slide comes amid higher bond yields which also is inadvertently propping up the dollar.Given prevailing market sentiment, it is tough for gold to turn things around unless we also see bonds stop puking all over. If yields are going to keep stretching higher, gold prices are likely to be dragged further to the downside. And that comes despite the backdrop of major cent... Read More
Posted: Aug 15 2023, 09:30
Author Name: forexlive
Views: 102328

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