- The precious metal rises before advance in the bags and fall in the dollar.
- Rise in Treasury yields seems to be limited to XAU / USD.
He oro It is operating in the zone of the highs of the day around $ 1845, up 0.40%, compared to yesterday’s close. The advance has as its main support a generalized fall of the dollar in the market and also the rise in the stock markets.
He Dollar index is below 90.50, down 0.30%. At the same time, the world’s stock markets are in positive territory and Wall Street futures point to a positive opening with increases on average in the main indices of 0.70%.
The market is waiting for the first announcements of Joe Biden who will assume the US presidency on Wednesday. In a few hours, Janet Yellen, the nominee to be the Secretary of the Treasury, will appear before the Senate in the committee that will treat her approval.
The advance of gold had limitations compared to what happened with currencies. While EUR / USD and GBP / USD have peaked after highs in the last few years, XAU / USD remained positive and close to the ceiling, but without marking new highs. The moderate rise in Treasury bond yields may be a factor that is limiting the advance of the precious metal. The 10-year rate rose to 1.11%.
Technical levels
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