Gold prices hovered around their lowest levels in over three weeks as the dollar and bond yields experienced a surge. The strengthening of the dollar led to an increase in the cost of gold for holders of different currencies. Furthermore, yields on 10-year US bonds reached their highest point since November 2022.
Currently, the USD Index stands at 102.4, showing a significant rise of 3.2% since July began.
Market focus has shifted towards the eagerly awaited release of the US Non-Farm jobs report scheduled for today
Currently, the USD Index stands at 102.4, showing a significant rise of 3.2% since July began.
Market focus has shifted towards the eagerly awaited release of the US Non-Farm jobs report scheduled for today
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