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Gold Slips Below Key Levels as Bond Yields Surge Ahead of Fed Rate Decision

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices declined in early Asian trading as rising global bond yields and expectations of monetary tightening diminish the appeal of non-yielding assets.
  • Markets await the upcoming Federal Reserve rate decision, with technical indicators pointing toward potential further downside toward key support levels.
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XAUUSD price history

4369.00 -8.33% over the displayed period

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