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