Gold Prices
Gold prices sank about 0.6 percent on Monday, extending losses from last week. The anti-fiat yellow metal inversely tracked a boost to 2-year Treasury yields during the first half of the day. XAU/USD can be quite sensitive to the direction of US Treasury rates. That is because of gold’s inherent lack of return for holding...
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Technical achievements alone are not enough to prompt the market to action. For charts traders – myself included – this has led to significant frustration in assessing market moves over these past months. The most recent break would come from the S&P 500 to start this week. The benchmark US index Monday picked up where...
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