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Gold falls to the lowest since March
Gold has sold off steadily for two weeks and today broke through the June lows to the worst levels since March 14.The gold move is a mirror image of Treasury yields as the risk-free rate for 10-years in the US nears cycle highs at 4.30% while gold continues to yield 0%. That's a powerful difference for investors and treasury managers with long investment horizons.The strength in the US dollar is also a headwind for gold but does raise its attractiveness in other currencies.Technically though, to...
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Posted: Aug 17 2023, 18:49
Author Name: forexlive
Views: 022171