USD increased sharply, causing Gold to plummet
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Hello everyone! Today we continue with the ongoing streak of gold price reductions, currently trading at $1818 with signs of approaching the $1800 price range.
The increase in US bond yields and the strengthening of the USD continue to pose a threat and exert pressure on precious metals. Faced with pressure from the USD and US bonds, this precious metal market is facing disadvantages, leading investors to limit their holdings. The downward movement in global gold prices today is inevitable.
The increase in US bond yields and the strengthening of the USD continue to pose a threat and exert pressure on precious metals. Faced with pressure from the USD and US bonds, this precious metal market is facing disadvantages, leading investors to limit their holdings. The downward movement in global gold prices today is inevitable.
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