GENERAL analysis of GOLD📈 / XAUUSD💰

The US Treasury Department has dramatically increased debt issuance in the past year to fund stimulus efforts in the face of the pandemic. Approximately $ 3.6 trillion of sovereign debt was issued in 2020, up from $ 2.9 trillion the previous year, according to the Securities and Financial Markets Industry Association (SIFMA). With President Joe Biden's $ 1.9 trillion tax package on the agenda, debt issuance in 2021 is headed for an increase to $ 4 trillion, according to ING.

Increased supply and weak demand in the seven-year bond auction that took place at the end of February contributed to the yield on 10-year securities rising more than 20 basis points, with consequent volatility generated in the market of values. This has kept investors on the lookout for Wednesday's auction of $ 38 billion in 10-year bonds at 1 p.m. ITS T.

We will see what happens with that auction, but everything indicates that we must continue with the objective! Good luck investors!