In the trading session on Monday, gold prices experienced a decline as a result of a slight increase in U.S. bond yields. Investors eagerly anticipate a speech by Federal Reserve Chair Jerome Powell later in the week, hoping to gain more insight into the future trajectory of interest rates. The rise in bond yields served as a deterrent for gold buyers, as higher yields often make bonds a more attractive investment option compared to non-yielding assets like gold. The market eagerly awaits Powell’s remarks, as any hints or indications regarding the Federal Reserve’s stance on interest rates could significantly impact the demand and price of gold.
#GoldPrices #USBondYields #FederalReserve #JeromePowell #InterestRateOutlook #Investors #TradingSession #MarketUpdate
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/gold1-4.jpg
Comments are closed.