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Gold: Strong near multi-year top amid upbeat safe-haven demand

From fxstreet.com

Gold holds the top spot in buyers list as the US treasury yields trigger global recession fears. Mixed signals from trade/political headlines also add to the safe-haven demand. With the fears of global economic slowdown acquiring the front seat of the market story, Gold takes the bids to $1521 heading into the European session on Thursday. Not only inversion of the US 10-year to two-year Treasury yields but record low yields of 30-year notes also question market optimism surrounding latest turn in the US-China trade relation. Mostly cited reason for investors’ rush to risk-safety targets disappointing activity ... (full story)

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  • Category: Fundamental Analysis