Gold stays near $4,700, edging up as lower US yields counterbalance lingering uncertainty over Iran tensions | Metals Mine

  • Gold stays near $4,700, edging up as lower US yields counterbalance lingering uncertainty over Iran tensions

    From vtmarkets.com

    Gold (XAU/USD) held steady on Wednesday after falling over 2% on Tuesday. It traded at $4,726 after a daily high of $4,772, as lower US Treasury yields offered support and the Middle East outlook stayed uncertain. US-Iran talks remain halted after a US blockade of Iran-flagged vessels. The IRGC seized three cargo ships in the Strait of Hormuz and called for the blockade to be lifted, while Donald Trump extended the ceasefire and awaited Tehran’s proposal. The US 10-year Treasury yield was 4.298% after earlier declines, which trimmed gold’s rebound. Higher oil prices were linked to inflation pressures, adding to ... (full story)

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Shiham
Apr 23, 2026 1:57am
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NONSENSE headline
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Trader#6C57
Apr 23, 2026 1:49am
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I have been trying to understand the correlation between yields and the price of gold and I concluded that there is no correlation. One can say there is indirect correlation (Fed's QE). In 2008. the moment the central banks started QE, the price of gold bottomed. The moment the central banks start another QE, the price of gold will bottom once again, and we're probably not that far as economies are definitely slowing down across the world (even faster due to Middle-East problem).
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