- Metals lose steam despite rising stocks and falling Treasury bond yields.
- Recovery of the dollar among the factors that limit the rise in XAU / USD.
The oro it just extended the slide and set new lows for the day at $ 1,887. This is due to a strengthening of the dollar in the market and despite the fact that the yields of the Treasury bonds remain in the zone of minimums in months and the stock markets rise modestly.
The dollar it has accelerated market rallies in the last hour, sending XAU / USD to break below $ 1890. Hours ago, the precious metal was testing levels above $ 1,900. But he couldn’t hold onto that area and changed direction.
The market begins to analyze what the Federal Reserve can do next week. Gold could not be helped by the drop in yields. The 10-year rate has stabilized around 1.43%, the lowest level since March. A bounce here could add more downward pressure to metals.
The ppatch It also fell back after hitting weekly highs near $ 28.30 and is now struggling to hold $ 28.00. On Thursday both XAG / USD and XAU / USD jumped on Thursday a few minutes after the release of US inflation figures. Metals still hold some of those gains, but the bullish bias has lost steam.