Gold Price Forecast: XAU/USD advocates more volatility as yields dribble, inflation data looms Gold SEO XAUUSD Inflation Commodities
Softer United States Treasury bond yields contrast with the US Dollar rebound to weigh on the XAU/USD.Easy inflation can keep the XAU/USD buyers hopeful as banking fears fade.price prints mild losses around $1,963 as bulls and bears jostle within a short-term symmetrical triangle ahead of the key inflation release.
That said, the US 10-year and two-year Treasury yields marked their first daily loss on Wednesday by ending the North American trading session around 3.57% and 4.10% respectively. On the other hand, nuclear threats from Russia and North Korea are also challenging the sentiment and the XAU/USD price.
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