Gold prices are supported by the current wave of uncertainty on global markets reflected by tumbling bond yields.
Gold prices are gaining more than 0.7% today and even though the scale of the move does not seem particularly impressive, it is surely worth to watch. Markets are generally in a risk-off mood today as US stock indices plunged. The uncertainty is also reflected by plummeting US bond yields. US 10-year Treasury yield fell towards 1.25%. On the other hand, the ongoing rebound on EURUSD may be associated with the ECB’s strategy review.
GOLD continues to rebound, even though the price fell below $1,800 an ounce for a while today. The rally is supported by tumbling US bond yields (rising TNOTE price). Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
