The gold price pulled back to start the week after notching a five-week peak last Friday. Higher Treasury yields and US Dollar look to have been overrun by swirling risks elsewhere.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.While robust Treasury yields remain, US companies are facing a debt squeezeThe gold price eased to start the week after posting solid gains on perceived haven flows outweighing the higher yields on government bonds across most of the globe.
The ETF has fallen to levels that were seen in the aftermath of the Silicon Valley Bank collapse. The squeeze on credit also sawequity indices take a bath and the lift in risks for other assets may have contributed to benefit of the gold price. Similarly, the benchmark 10-year note traded at its highest level since 2007, nudging over 5.0% before retreating to around 4.95%. index are yet to impact the gold price, but it might be worth watching should those markets move abruptly.
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