Latest news: Gold price has surpassed the $2,000 mark, as demand
Gold prices rose above $2,000 amid rising geopolitical tensions in the Middle East and demand for safe-haven assets ahead of the Federal Open Market Committee (FOMC) meeting. However, the 10-year bond yield has reached 5.02%, the highest level since 2007, and remains high.
The increase in the US government's debt service rate strengthens the strength of the US dollar, leading to increases in the price of both the US dollar and gold. But gold, which doesn't pay interest, is often under selling pressure when the U.S. dollar and government bond yields rise.
Despite these factors and the fact that U.S. real yields have reached a 15-year high of over 2.60%, gold prices remain resilient.
The increase in the US government's debt service rate strengthens the strength of the US dollar, leading to increases in the price of both the US dollar and gold. But gold, which doesn't pay interest, is often under selling pressure when the U.S. dollar and government bond yields rise.
Despite these factors and the fact that U.S. real yields have reached a 15-year high of over 2.60%, gold prices remain resilient.
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