IMPORTANT MACROECONOMIC ANALYSIS FOR #GOLD


30-YEAR YIELD REACHES 5.09% – #GOLD WILL FACE STRONG PRESSURE!
The yield on 30-year US Treasury bonds has just surged to 5.09% – the third highest level since the 2008 global financial crisis.
It's only 8 basis points away from its 19-year high.
US public debt is now more expensive than ever.
Direct impact on gold?
High bond yields equal the soaring opportunity cost of owning gold → money flows out of bonds → strong selling pressure on #XAUUSD in the short term.
Combined with the gold chart testing the EQ + M13 zone around 4,500 → the probability of a further dip to 4,414 before a rebound is very high!
————————
XAUUSD-2.41%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned