Published • loading... • Updated
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Take Profits Despite Falling Treasury Yields
Summary by bipns.com
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Take Profits Despite Falling Treasury Yields
The reports showed that inflationary pressure was slowing down. As a result, bond traders rushed to buy Treasuries, pushing their yields lower. The yield of 2-year Treasuries declined towards the 4.15% level, while the yield of 10-year Treasuries settled below 4.65%. Typically, falling Treasury yields provide support to gold that pays no interest. Today, traders preferred to use the encouraging Producer Prices report as an opportunity to take so…
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
