Gold retreated to the 1920 USD area waiting for price increase

Hello, it's great to see you all again for our conversation today!
Currently, the price of gold has lost its momentum and decreased to around $1,919 during Friday's American trading hours. The yield on the benchmark 10-year US Treasury bond has rebounded to approximately 4.25% after starting the day in a negative zone. As a result, XAU/USD has extended its decline.

Final, I wish you all good luck and a weekend filled with prosperity:D

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Gold price lost its traction and declined toward $1,920 in the American trading hours on Friday. The benchmark 10-year US Treasury bond yield recovered toward 4.25% after spending the first half of the day in negative territory, causing XAU/USD to stretch lower.

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Looking ahead, expect China to continue adding gold as it wants to strengthen the international reputation of the yuan to compete with the USD as the world reserve currency.

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Everything is ready for transaction early next week

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On the world market, gold prices fell slightly in this morning's trading session while some experts believe that strong economic activity will continue to support the USD and thus keep gold stuck in the current trading range. .

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There are growing expectations that the ECB will leave interest rates unchanged, not because inflation is under control but because the threat of recession continues to grow.

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transaction is ready

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Europe's slowing economy makes the dollar more attractive to investors.