- Sharp decline in the price of metals in the last hour.
- Rise in Treasury yields and the strength of the dollar play against gold.
- XAU / USD heading to test Thursday’s low at $ 1,735.
The gold has erased all gains and is trading just above $ 1740, after having previously risen to $ 1,756. The recovery ran out of steam and the yellow metal changed direction.
Downward pressure persists on the metal as Treasury yields rise. The 10-year rate is at 1.45%, the highest since July. The bags after the start of the American session have managed to erase losses, which took some strength from the dollar.
The the payment it has fallen even stronger than gold in the last hour. The XAG / USD yields 1.55% and is at $ 22.15, close to the low of the week and the year, which is located around $ 22.10.
The XAU / USD is on its way to test $ 1735, Thursday’s low. Below the next support can be seen at $ 1720. A break below $ 1715 would expose the $ 1700 zone. On the upside, gold would ease the pressure with a rise above $ 1750, while already exceeding $ 1780, a temporary floor could be considered.
Technical levels
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