- A fall in the US dollar and lower US yields are boosting metals.
- XAU / USD is approaching $ 1,800 / oz, its highest level since late February.
The oro it earned more than $ 10 in the last hour and reached $ 1,797, the highest level since February 25. It then fell back to around $ 1,790, up 0.65% on the day. Silver earns more than 2%.
A correction in the US dollar and falling US yields boosted metals strongly. In the past few minutes, yields rebounded, easing bullish momentum in metals. The 10-year US yield bottomed out at 1.55% and then rose to 1.58%. The US Dollar Index was unable to sustain the recent recovery and is back in negative territory at 91.15.
Also, an improvement in market sentiment helped gold. After the opening bell on Wall Street, the major stock indices turned positive. The Dow Jones is up 0.55% and the Nasdaq 0.20%.
Gold is posting the fourth daily gain in the last five trading days. Since Friday it has risen over $ 50 and is now looking at the $ 1,800 area. The next strong barrier is at $ 1,815.
The yellow metal continues its bullish run after testing the annual low around $ 1,677 during the last week of March. A correction of the XAU / USD It could find support initially at $ 1,779, followed by $ 1,762 and the 20-day moving average, today at $ 1,740.
Technical levels
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