Gold edges higher as yields fall, while silver slips on profit-taking.
đ Spot Gold: $4,660.60 (+0.21%)
đ Spot Silver: $68.68 (-0.23%)
Soft U.S. data â consumer confidence falling to 89.4 and new home sales dropping 10.5% â pushed Treasury yields lower, with the 10Y at 4.638%.
Gold maintained a mild bullish bias, supported by lower yields and the fiscal narrative, including Treasury buybacks and U.S. debt exceeding $40T.
Silver, meanwhile, faced profit-taking after its recent strong rally.
#GOLD_UPDATE
Key Levels
đ„ Gold
âą Resistance: $4,657 â $4,692
âą Support: $4,611 â $4,598
đ„ Silver
âą Resistance: $69.59 â $70.38
âą Support: $69.02 â $68.67
Mixed positioning ahead of Jackson Hole keeps markets cautious. Gold continues to benefit from fiscal and geopolitical demand, but a clean break above $4,692 could open the door to higher targets.
#HKJulyGoldNetExportsToMainland56.193Tons #XAUusdtSHORT
đ Spot Gold: $4,660.60 (+0.21%)
đ Spot Silver: $68.68 (-0.23%)
Soft U.S. data â consumer confidence falling to 89.4 and new home sales dropping 10.5% â pushed Treasury yields lower, with the 10Y at 4.638%.
Gold maintained a mild bullish bias, supported by lower yields and the fiscal narrative, including Treasury buybacks and U.S. debt exceeding $40T.
Silver, meanwhile, faced profit-taking after its recent strong rally.
#GOLD_UPDATE
Key Levels
đ„ Gold
âą Resistance: $4,657 â $4,692
âą Support: $4,611 â $4,598
đ„ Silver
âą Resistance: $69.59 â $70.38
âą Support: $69.02 â $68.67
Mixed positioning ahead of Jackson Hole keeps markets cautious. Gold continues to benefit from fiscal and geopolitical demand, but a clean break above $4,692 could open the door to higher targets.
#HKJulyGoldNetExportsToMainland56.193Tons #XAUusdtSHORT