Gold Markets React to US Yields, Potential Return Above $2,000

1 min read
Source: DailyFX
Gold Markets React to US Yields, Potential Return Above $2,000
Photo: DailyFX
TL;DR Summary

US Treasury yields dropped, causing the US dollar to weaken and major currency pairs like EUR/USD, GBP/USD, and AUD/USD to rally. The S&P 500 and Nasdaq 100 also saw gains as sentiment improved and recession fears eased. Gold remained subdued despite the weaker dollar and falling rates. The upcoming week will feature speeches from Federal Reserve members, which could provide insights into monetary policy. The US economic calendar is light, but traders should monitor official statements for potential impact on Treasury yields, the dollar, stocks, and precious metals.

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