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Gold Prices Rise on Falling U.S. Treasury Yields and Geopolitical Risk Ahead of FOMC

From dailyfx.com

Spot gold has been on the climbing this week after markets continue with the view that a hawkish Fed is priced in leaving the U.S. dollar disappointing from earlier expectations. Investors have been looking elsewhere for opportunities which have kept the dollar muted despite U.S. 10-year Treasury yields hitting levels last seen in early 2020. The outlook remains bullish for the greenback but the post-FOMC conference next week should shed more light on the balance sheet run-off approach. Short-term, Russia-Ukraine pressures could have a significant impact on the commodity market should sanctions be imposed on Russia ... (full story)

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  • Category: Technical Analysis