Gold forecast undermined by rising yields and oil prices

Gold was higher first thing this morning, extending its gains made on Friday when softer US retail sales data undermined the dollar. But with the US-Iran situation continuing to drag on, oil prices are remaining elevated, and this is helping to keep inflationary pressures intact and supporting bond yields.

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Source: Forexcom

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Category Forex

Source Forexcom

Published 1 month ago

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News ID #7,287

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