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Gold prices (XAU/USD) attracted some buyers today, trading around $2003.
The Federal Reserve's increasing embrace of a tightening cycle has pushed 10-year US government bond yields to a nearly two-month low.
Furthermore, markets are evaluating the possibility of the US central bank starting to cut interest rates in May 2024, which is seen as a favorable catalyst for the precious metal to rapidly increase in price.
Gold prices (XAU/USD) attracted some buyers today, trading around $2003.
The Federal Reserve's increasing embrace of a tightening cycle has pushed 10-year US government bond yields to a nearly two-month low.
Furthermore, markets are evaluating the possibility of the US central bank starting to cut interest rates in May 2024, which is seen as a favorable catalyst for the precious metal to rapidly increase in price.
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