Analyzing the Impact of 10-Year UST Real Yield on Gold's Price Movements
Tuesday, 9 July 2024, 12:00
Gold Technical Analysis
The price of Gold (XAU/USD) has been drifting sideways, hinting at a retest of the recent intraday low.
China's Impact
The pause in China's gold purchases after months of buying influences Gold's narrative.
- China's official reserves data triggered the recent price actions.
Studying the relationship between 10-year UST real yield and Gold's momentum is vital.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.