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Gold Prices May Rise as US, China Trade Spat Sinks Bond Yields

From dailyfx.com

Gold prices marked time yesterday, digesting losses after Friday’s dramatic selloff. A tepid downshift in Treasury bond yields offered a bit of support as trade war jitters undermined risk appetite but a resilient US Dollar offered a counterweight, capping the capacity for anti-fiat gains. Crude oil prices mounted a spirited recovery after Friday’s dramatic plunge as markets position for this week’s much-anticipated OPEC+ meeting. The gathering of cartel officials and their counterparts from like-minded producer nations will weigh a Russia- and Saudi-backed proposal to ease coordinated output curbs. Moscow and Riyadh ... (full story)

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  • Category: Fundamental Analysis