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Gold Price Forecast: XAU/USD falls below the 100-SMA as US yields surge
As a reaction, US Treasury yields, which could be seen as the opportunity cost of holding Gold, increased across the board, applying pressure on the XAU/USD. The 2-year rate rose to 4.92%, the 5-year yield to 4.23%, and the 10-year to 4.00%, with all three seeing more than 1% increases. Read Full Story at source […] The post Gold Price Forecast: XAU/USD falls below the 100-SMA as US yields surge appeared first on ForexTV...
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Posted: Jul 27 2023, 21:29
Author Name: forextv
Views: 080810