top of page
Laxmi Diamonds.png

Gold prices trading lower as the US$ finds support


Gold prices are trading marginally lower as the US dollar finds support this Tuesday morning. Bullion has managed to push higher as real yields fall (see graph below) despite elevated 2-year and 10-year Treasury yields. With inflationary pressures being minimized in the US, real yields having softened slightly (inflation expectations possibly outpacing aggressive monetary policy, backing gold


Later today, US building permit data (see economic calendar below) will come into focus which shouldn’t provide too many surprises going into tomorrow’s FOMC announcement.



For more Updates Do follow us on Social Media

Facebook Page https://bit.ly/3blw5Rg

WhatsApp Group https://bit.ly/JEWELBUZZ

3 views

Comments


bottom of page