Gold stuck; Currency pairs making moves

Gold has been undermined by rising government bond yields owing to major central banks generally turning more hawkish while the still-buoyant equity markets means there has been reduced demand for the perceived safe haven asset. Thus, for the time being, the impact of the weaker U.S. dollar is not having any meaningful impact on the buck-denominated precious metal.


First published here: Gold stuck; Currency pairs making moves

No comments:

Post a Comment