Day: April 8, 2024

Gold Price Remains Resilient Despite Rising US Bond Yields

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Gold (XAU/USD) retreated slightly from its record all-time highs near $2,350 on Monday, but near-term bullish sentiment remains extremely strong due to heavy central bank buying. Gold’s rise persists despite rising US Treasury yields following Friday’s strong Nonfarm Payrolls (NFP) report, which dampened expectations for a near-term Federal Reserve (Fed) pivot toward rate cuts. Bond […]

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