Gold continues to belong to the Bulls
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Hello dear friends!
Gold continues to triumph today as the Bull Party pushes prices to a new high of $1992 amidst a vulnerable US dollar and lower Treasury bond yields, which are driving up demand for this precious metal.
At the end of the day, the Federal Reserve will announce the minutes of their latest meeting, which could stimulate some bond market activity. Market expectations are that the Fed has completed its interest rate hikes, which have been impacting the short-term performance of the US dollar and supporting the upward momentum for gold.
What are your thoughts on this currency pair?
Gold continues to triumph today as the Bull Party pushes prices to a new high of $1992 amidst a vulnerable US dollar and lower Treasury bond yields, which are driving up demand for this precious metal.
At the end of the day, the Federal Reserve will announce the minutes of their latest meeting, which could stimulate some bond market activity. Market expectations are that the Fed has completed its interest rate hikes, which have been impacting the short-term performance of the US dollar and supporting the upward momentum for gold.
What are your thoughts on this currency pair?
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