Precious metals fell into a strong tug-of-war due to conflicting factors. Concerns about growing world political instability boosted safe-haven demand for gold, while the hawkish stance of central banks held back the precious metal's gains.
In my opinion, gold is still in a downtrend in the short term
In my opinion, gold is still in a downtrend in the short term
Commento:
The yield on the US 10-Treasury rose to 3.83%, increasing the opportunity cost of holding zero-yield assets like gold. Push the price of precious metals down.
