The matter still requires deeper analysis, despite the absence of wide-ranging movement today. The recent decline in bonds did not help boost gold prices. The yield on the two-year US bond is currently at a support level of about 4.8% on the one-dimensional chart and may look to rise. If the Federal Reserve maintains a tight policy, gold may struggle to rise. However, if we begin to receive signals indicating that the Federal Reserve may wish to continue lowering interest rates this year, gold may be more optimistic.
We should monitor the level of two-year and ten-year bonds, the direction of the dollar index, and geopolitical aspects to be clear about the direction of gold.
We should monitor the level of two-year and ten-year bonds, the direction of the dollar index, and geopolitical aspects to be clear about the direction of gold.