Trump Trade of a stronger US dollar and rapidly rising longer-term US Treasury yields have triggered a negative feedback loop into Gold (XAU/USD) The longer-term positive aspect of Gold as a hedge and safe haven asset play to counter a potential wider US federal budget deficit will now take a backseat. Watch the US$2,484/US$415 support […]
The post Gold Technical: Medium-Term Uptrend Damaged, Spooked by Rapid Rise in 10-Year US Treasury Yield appeared first on Action Forex.
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