A strong spontaneous rise in the US bond yields prompted new selling around gold on Monday. The risk-off impulse, a broad-based USD weakness would help limit deeper losses as uptrend potential appears limited above $1750.
After managing to close the previous week in the positive territory, gold got lower during the first half of the day on Monday.
The XAU\/USD pair met support near $1,750 and reversed its direction during the American trading hours on its way to the highest level since September 23 at $1,770 level.
The pair is up 0.35% on a daily basis at $1,767. The USD\u2019s weakness seems to be allowing gold to cling to its gains despite the 1% increase witnessed in the benchmark 10 year US Treasury bond yield.
Gold is also attracting investors as a safe haven with Wall Street’s main indexes losing between 1.2% and 2.5% on the day.<\/p>\n","protected":false},"excerpt":{"rendered":"
A strong spontaneous rise in the US bond yields prompted new selling around gold on Monday. The risk-off impulse, a broad-based USD weakness would help limit deeper losses as uptrend potential appears limited above $1750.After managing to close the previous week in the positive territory, gold got lower during the first half of the day …<\/p>\n","protected":false},"author":13,"featured_media":51815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,42,36],"tags":[6885,7603,7655,6871,7343],"class_list":["post-51906","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-tech-analysis","category-market-updates","tag-fed","tag-gold-prices","tag-us-treasury-bond-yields","tag-usd","tag-xau-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51906"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51906\/revisions"}],"predecessor-version":[{"id":51910,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51906\/revisions\/51910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51815"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}