Gold Price Forecast: XAU/USD drops from monthly lows cling to $1800 By christianborjon Gold XAUUSD Commodities Metals Markets
The yellow metal slides some 0.32% during the New York session, despite unchanged US Treasury yields.
In the overnight session, the non-yielding metal rallied up to the R2 daily pivot at $1,819.73, dropping towards $1,800 despite the lack of movement in US T-bond yields. The US 10-year benchmark note is unchanged at 1.48%, failing to reflect the “hawkish” pivot by the Federal Reserve on its last monetary policy meeting, on December 15, were announced a faster reduction to its QE program, eyeing March 2022 as the end of the Covid-19 pandemic stimulus.
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