Gold rises to $1,800 but still keeps moving down in long-term
Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% .
- Gold has entered into 1830-1845 key zone three times but never broke it. Will it break the descending pattern and reach to the zone again ?