Gold prices rebounded after the Fed's interest rate stance
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World gold prices increased sharply due to support from the decline in the price of the USD and falling US Treasury bond yields. The Dollar Index has dropped nearly 2.9% in the past 3 months, while the 10-year US Treasury bond yield has decreased about 1.1% compared to the end of October.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
At the same time, bond yields and USD prices decreased, providing a "dual" support for gold prices.
Last week, the US Federal Reserve (Fed) signaled it was about to reduce interest rates. Fed officials expect three interest rate cuts of 0.25% each in 2024.
Not
SELL XAUUSD 2035 - 2040 TP1: 2025
TP2: 2015
Sl: 2050
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