Gold prices are maintaining their position above $1,950, attempting to prevent a decline during Thursday's Asian trading session. The precious metal is going through a negative phase and may be influenced by the Federal Reserve officials opposing interest rate cuts.
Despite the decline in US bond yields, with the 10-year US Treasury yield dropping to 4.48%, gold has not taken advantage of the situation. This usually puts pressure on the US dollar. The market has been relatively quiet this week as investors eagerly await new signals before taking any action, especially in anticipation of the upcoming Federal Reserve decision in December.
Despite the decline in US bond yields, with the 10-year US Treasury yield dropping to 4.48%, gold has not taken advantage of the situation. This usually puts pressure on the US dollar. The market has been relatively quiet this week as investors eagerly await new signals before taking any action, especially in anticipation of the upcoming Federal Reserve decision in December.
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