Gold fell with the rise of the treasury bonds in the US in the midst of a global deterioration in the country debt, and after last week’s earnings, it reduced the demand for the presence of a safe port. So, what are the analysts say? Here are the details…
The price of gold fell: here is the reason
Federal Reserve’s aggressive global central bank will lead to the wave of tightening, due to the continuation of bond sales ounce of gold fell to 1.6 percent. The US 10 -year Treasury return has exceeded 2.5 percent since the end of the 1980s, a technical tendency, which has been a ceiling function and creates weight on interest -free gold.
On Monday, the Central Bank of Japan said it would purchase an unlimited amount of 10 -year bonds at a fixed rate and make a second move of this kind in less than two months to keep the increasing returns under control. Yen weakened against the strengthened US dollar and negatively affected the demand for gold because it was priced with the dollar.
Analyst: precious metal encounters pressure on the US dollar
Nicholas Frappell, Global General Manager of Sydney -based ABC Bullion, said, “Gold is facing pressure from the high US dollar.” He said the action of the Japanese Central Bank was positive for the dollar that hit a blow under it. While Wall Street banks expect the FED to increase more aggressively than policy makers, Citigroup economists are now in four flat half -point movement in the midst of permanent inflation. The money market traders have seen four minor increase by the European Central Bank within a year.
Kriptokoin.comAs we have reported as, Ons Gold is still more than 5 percent this year due to the increase in the assets in the funds traded on the metal -supported stock exchange in metal -supported stock exchange. Authorities, Ukraine and Russian negotiation teams face -to -face negotiations will continue this week, he said. Joe Biden tried to clarify the call of the dismissal of Vladimir Putin, saying that the European allies expressed their concerns and that critics said that they did not want a regime change after saying that they had increased the tension with Russia.
