đ„ GOLD IS FACING PRESSURE FROM HIGHER RATES
$XAU
Gold recently settled around $4,366 per ounce after a volatile week.
The main pressure is rising U.S. Treasury yields and stronger expectations of a Federal Reserve rate hike. Higher yields can make gold less attractive because gold does not pay interest.
However, geopolitical uncertainty and inflation concerns are still supporting demand for safe-haven assets.
Gold is currently being pulled in two directions:
đ Higher yields and interest rates
đ Inflation and geopolitical risk
Do you think gold will recover, or is another pullback coming?
Not financial advice. DYOR. #XAUUSD
$XAU
Gold recently settled around $4,366 per ounce after a volatile week.
The main pressure is rising U.S. Treasury yields and stronger expectations of a Federal Reserve rate hike. Higher yields can make gold less attractive because gold does not pay interest.
However, geopolitical uncertainty and inflation concerns are still supporting demand for safe-haven assets.
Gold is currently being pulled in two directions:
đ Higher yields and interest rates
đ Inflation and geopolitical risk
Do you think gold will recover, or is another pullback coming?
Not financial advice. DYOR. #XAUUSD