Gold Responds to The Longest Treasury Yields Rise on Weekly Line Since 1955.


Gold lost all its intraday gains on Thursday to end the trading session. XAU/USD yielded to the rising Treasury yields and a change in the US Dollar again.

The 10-year Treasury yield rose a bit today after a hawkish response from Federal Reserve officials. Also, Philadelphia President Patrick Harker affirmed the probability of raising rates above 4 percent this year.

The 10-year rate seems to be at its longest consecutive rally since 1955 weekly. Moreover, for the first time since May, markets have begun pricing more than 2 hikes in 2023. The overnight price reversal and other developments do not augur well for gold ahead.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.