- Metals move in time with Treasury yields.
- XAU / USD after hitting highs, reversed and fell to lows.
The Gold rose to $ 1903 amid a sharp drop in Treasury yields, but then it quickly reversed direction and fell to $ 1,883, marking a new daily low. It is trading at $ 1,890 / $ 95, in negative territory for the day, in a context of increasing volatility.
The dollar is moving in mixed terrain, and without a clear direction. Treasury bond yields are experiencing relevant changes with a downward trend. The 10-year rate went from 1.55% to 1.51%, the lowest in weeks. Stock markets maintain a slight downward trend, where a precautionary context seems to predominate.
Regarding silver, XAG / USD tracks gold volatility. The price moves in a wide range between $ 27.50 and $ 27.80, sideways. The fortunes of metals are still influenced by what happens to bonds and at the same time technical issues.
Gold faces significant resistance between $ 1900/10, while silver faces $ 28.00. A statement above these levels would point to more gains for metals. While not being able here, there would be room for bearish corrections.
Technical levels
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