Gold Remains Fragile as The USD Regains Strength Following Higher US Treasury Yields.

Gold

The US dollar current tradeoff is retreating, with the dollar index (DXY) increasing for two days. Higher US Treasury yields, having the 2-year UST offered at 4.484%, while the 10-year trades at 4.065% sustains the USD.

US Treasury yields are raised from comments from Neel Kashkari, a Fed board member. He pointed out yesterday that unless the fight against inflation shows positive results, interest rate rises may surpass the 4.5% or 4.75% range.

Despite the positive impact that higher US Treasury yields make on the greenback, gold prices retreat into fragile support. The Higher US interest rates and Treasury yields continue to be a solid headwind for gold.

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