Gold price (XAU/USD) takes offers from the Year-To-Date (YTD) high while targeting the previous resistance surrounding $1,960, near $1,976 by the press time of early Monday in Asia. In doing so, the precious metal pares the recent losses after posting the biggest daily and weekly jump in three years in the last.
The latest recovery in the United States Treasury bond yields, backed by hopes of more liquidity in the market, seems to have underpinned the US Dollar rebound and weighs on the Gold price. Also challenging the XAU/USD bulls is trader’s anxiety as the key week comprising the Federal Reserve (Fed) monetary policy announcements begins. That said, the yellow metal’s previous fall could be linked to a slump in the bond coupons across the board amid fears of the return of the 2008 financial market crisis.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发