Gold Price Forecast: XAUUSD bears eye a break below key $1,750 – by fx_ross Gold DollarIndex Currencies Commodities
stors eyed rising bond yields and continued to make bets on the US Federal Reserve's interest rate hiking path. DXY, which measures the greenback against a basket of major currencies, was up 0.0.3% at 106.93 and has recovered the losses from when US inflation data triggered the index's sharpest weekly drop since March 2020. Treasury yields were up for the second day in a row on Friday with the 10-year yield yields last at 3.821%.
With respect to gold, the analysts explained ''money managers continued to aggressively increase their net length in gold markets.
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