Markets By TradingView

Gold Prices Declined With The Effect of Bond Yields

Gold prices declined with the effect of bond yields. Gold prices fell below $1,800 after rise of US 10-year bond yields.

Yazar: Eylem Özer

Yayınlanma: 8 Eylül 2021 13:12

Güncellenme: 6 Kasım 2024 07:10

Gold Prices Declined With The Effect of Bond Yields

Gold prices declined with the effect of bond yields. Gold prices fell below $1,800 after rise of US 10-year bond yields.

Gold prices fell below $1,800 ahead of the European Central Bank meeting and Dallas Fed Chairman Robert Kaplan's speech. Gram gold, on the other hand, showed a limited decline with the rise in USD/TL exchange rate despite the decline in global gold prices. Robert Kaplan, known as one of the hawkish Fed chairmen, will give an online speech on Wednesday, while gold investors focus on President Christine Lagarde's speech to get a message on asset purchase reduction after the ECB's meeting on Thursday. The 10-year U.S. Treasury bond yield, after rising nearly 6 basis points to 1.38 percent on Tuesday, declined and remained flat at around 1.36 percent. Oanda Senior Market Analyst Edward Moya stated that gold is fragile at these levels and could decline to $1,755, he said, "If this level is easily broken, the next level may be $1,700." The ounce of gold, which closed the week with a relatively flat course as a result of investors' focus on employment data last week, rose to $1,833 after the non-farm employment data announced on Friday. While the ounce of gold fell below its 200-day moving average on Tuesday, it is trading at $ 1,798 on Wednesday, close to its 50-day moving average. Gram gold followed the decline in the USD/TL rate last week with the horizontal progress of global gold prices. Gram gold, which fell to 482 TL with the weakening of the US dollar against the currencies of developing countries and the decline of the USD/TL rate, is trading at the level of 482 TL this week, after the recovery of the US dollar and the decline in global gold prices.
En Popüler Haberler

Yorum Yap

Yazılan yorumlar hiçbir şekilde Son Ekonomi Haberleri - Türkiye Dünya - ieconomy.io görüş ve düşüncelerini yansıtmamaktadır. Yorumlar, yazan kişiyi bağlayıcı niteliktedir.

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...

Borsa, Kripto, Hisse, Emtia ve Döviz Haberleri

ieconomy: Türkiye'nin en kapsamlı ekonomi haber sitesi. Son dakika haberleri ve en güncel haberler ieconomy'da.