Gold extended its recovery on Tuesday, trading around $2,513 a troy ounce mid-US session.
XAU/USD Current price: $2,514.13 Upcoming first-tier events in the United States and central banks’ announcements spur caution. US Treasury yields touched fresh one-year lows and aim to extend their slides. XAU/USD consolidates gains above $2,500 with a neutral technical stance. Financial markets turned risk-averse ahead of first-tier events, resulting in a firmer US Dollar against major rivals except for safe-haven ones.
The 10-year note offers 3.66% after bottoming at 3.64%, a fresh 52-week low. The same happens with the 2-year note, now yielding 3.62% after bottoming at 3.59%. XAU/USD short-term technical outlook The daily chart for XAU/USD offers a neutral-to-bullish stance, with the pair still meeting intraday buyers around a bullish 20 Simple Moving Average .
Gold Recommended Centralbanks Inflation
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