#GoldReboundsNearly5%
Gold price reaches its highest level in 3 months amid bond-market tension: Will $5,000 be the next target?
Gold surpassed $4,600 per ounce on Friday, reaching its highest level in three months and heading for a weekly gain of nearly 5%.
Spot gold traded between $4,580 and $4,600 on Friday, while futures moved closer to $4,650. The rebound is driven by two converging forces:
A weaker U.S. dollar, renewed concern about rising U.S. indebtedness, and the Treasury’s decision this week to double its long-term bond buyback pushed investors toward assets that don’t generate returns.
#SpotGoldHitsHighestSinceMay15
$BNB
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Gold price reaches its highest level in 3 months amid bond-market tension: Will $5,000 be the next target?
Gold surpassed $4,600 per ounce on Friday, reaching its highest level in three months and heading for a weekly gain of nearly 5%.
Spot gold traded between $4,580 and $4,600 on Friday, while futures moved closer to $4,650. The rebound is driven by two converging forces:
A weaker U.S. dollar, renewed concern about rising U.S. indebtedness, and the Treasury’s decision this week to double its long-term bond buyback pushed investors toward assets that don’t generate returns.
#SpotGoldHitsHighestSinceMay15
$BNB
$BTC
$ETH