GOLD WILL FLY 🕊️ 💸 TILL 2065

Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar (USD). The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among policymakers that inflation is under control and concerns about the downside risks to the economy associated with an overly restrictive stance. This, along with a softer risk tone, allowed the precious metal to attract some buyers near the $2,030 area and gains some follow-through traction on Thursday.