Gold Reclaims the $4,500 Level: How a Pullback in the Dollar and U.S. Treasury Yields Is Fueling the Precious Metals Rally?
As of September 3, according to Gate market data, gold is currently quoted at $4,495, just one step away from the $4,500 mark. Yesterday morning (September 2), gold briefly fell below $4,300, hitting a low of $4,282. After rebounding more than $200 in just two trading days, what drove this powerful move? How will gold perform going forward? Why Did the Dollar and Treasury Yields Decline in Tandem? The most direct catalyst for this rebound was the simultaneous retreat in the DXY and U.S. Treasury
GateInstantTrends·09-03 13:07
