đš GOLD REBOUNDS ABOVE $4,150 â FOMC MINUTES IN FOCUS
Gold is back above $4,150 as U.S. Treasury yields ease, while traders await the Federal Reserveâs September meeting minutes for fresh clues on the rate outlook.
đ Key Points:
âą XAU/USD rises toward ~$4,165
âą U.S. 10Y Treasury yield falls to ~5.286%
âą 30Y yield also moves lower
âą Markets see roughly 79.5% odds of no Fed rate change in October
âą FOMC Minutes are the key near-term catalyst
đ Market Insight:
Lower bond yields can support non-yielding gold by reducing the opportunity cost of holding bullion. The FOMC Minutes could provide fresh direction for gold through changes in rate expectations, Treasury yields and the U.S. dollar.
đȘ Asset to Watch: Gold (XAU/USD)
#Gold #XAUUSD #Fed #FOMC #Markets $XAU
Gold is back above $4,150 as U.S. Treasury yields ease, while traders await the Federal Reserveâs September meeting minutes for fresh clues on the rate outlook.
đ Key Points:
âą XAU/USD rises toward ~$4,165
âą U.S. 10Y Treasury yield falls to ~5.286%
âą 30Y yield also moves lower
âą Markets see roughly 79.5% odds of no Fed rate change in October
âą FOMC Minutes are the key near-term catalyst
đ Market Insight:
Lower bond yields can support non-yielding gold by reducing the opportunity cost of holding bullion. The FOMC Minutes could provide fresh direction for gold through changes in rate expectations, Treasury yields and the U.S. dollar.
đȘ Asset to Watch: Gold (XAU/USD)
#Gold #XAUUSD #Fed #FOMC #Markets $XAU