Gold Surges Strongly with US Dollar Weakness

From dailyforex.com

For five consecutive trading sessions, gold prices (XAU/USD) continue to rise strongly, reaching gains that have surpassed the $2052 resistance level per ounce as of the time of writing. Nearby, this marks the highest point for the yellow metal in six months. Recently, Gold's robust gains are fueled by a decline in the U.S. dollar's value and expectations that the Federal Reserve has concluded its pace of interest rate hikes. As a result, bond yields have decreased, with the 10-year Treasury yield impacting mortgage rates falling to 4.37% from 4.39% late on Monday. Meanwhile, the yield on two-year Treasury notes, a ... (full story)