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Gold Outlook: Bears Eying $1,850 Breakout as US Yields Rise with USD

Started by forex4you, May 11, 2022, 10:01 am

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Gold Outlook: Bears Eying $1,850 Breakout as US Yields Rise with USD

The gold price is being pushed into a sell mode as risk aversion grows. Treasury yields continue to rise as investors flee to safety. The XAU/USD pair should test the $1850 level with US inflation on the rise. The gold price outlook remains strongly negative as the hawkish Fed and aggressive rate hikes have raised … Continued


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