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Gold Down Against Rising U.S. Treasury Yields, Ahead of Fed Policy Decision

  • Writer: analysiswatch
    analysiswatch
  • Apr 28, 2021
  • 1 min read

Gold became down on Wednesday morning in Asia towards growing U.S. Treasury yields. Investors additionally look forward to the U.S. Federal Reserve’s state-of-the-art coverage choice for similarly clues at the path of the significant banks financial coverage.


  • Gold futures had been down 0.44% to $1,770.95 through 12:32. The dollar, which normally actions inversely to gold, inched up on Wednesday.

  • Gold (XAU/USD) nonetheless holds a near-time period base after once more conserving key retracement guide at $1682/71. Strategists at Credit Suisse anticipate the yellow metallic to rally beyond the $1835 mark.


The Fed will hand down its choice later the day. Investors can even reveal U.S. President Joe Biden’s deal with to a joint consultation of Congress at the identical day for clues on similarly stimulus measures.

In different valuable metals:


- silver fell 0.9%

- platinum slid 1%,

- palladium eased after hitting a document excessive of $2,941 on Monday.

 
 
 

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