Gold prices maintain the bullish pressure, with XAU/USD trading at its highest in three months, above $1,970 a troy ounce. The US Dollar met near-ter
XAU/USD Current price: $1,967.85 The US Dollar remained on the back foot despite record highs in government bond yields. Stock markets struggle to capitalize on monetary policy headlines as geopolitical woes persist. XAU/USD soars to its highest since last July as Federal Reserve's Chairman Powell hints at no more rate hikes.
Speculative interest bet against the USD as Powell spoke, helping XAU/USD preserve fear-inspired gains. What seems more relevant, the yield on the 2-year Treasury note declined to 5.16% after a pre-opening multi-year peak of 5.25%. XAU/USD short-term technical outlook XAU/USD trades near the fresh high posted after Powell'sspeech, maintaining its bullish bias.
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