- The dollar remains strong as yields rise and pressures gold.
- XAU / USD fails to sustain recovery above $ 1690 and remains under pressure.
Gold maintained its weak tone in the European session and fell until 1684, reaching the lowest level since June last year. It then bounced slightly and is trading around the $ 1690 zone with a bearish bias.
The precious metal was unable to capitalize on its initial rise, after finding with offers near the region of $ 1715, after which it changed direction, falling to new lows.
The US dollar started the new week on a solid footing and soared to a three-month high. This follows better-than-expected employment data on Friday and the approval of the US fiscal stimulus bill.
In the middle, the rise in Treasury yields continues, weakening the XAU / USD. The 10-year rate remains in the 1.60% zone. With no impact data ahead, attention will continue to be on the bond market and Wall Street.
Technical levels
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