Gold prices continue to decrease despite geopolitical uncertainties, a rebound in Treasury yields, and a shift towards bond investments following the labor market data shock.
Outflows from gold ETFs are deepening due to increased inflows into bond ETFs, signaling a market expectation of an upcoming rate cut, further impacting gold's losses.
Geopolitical tensions in the Middle East, particularly with Iran's potential response to Israel, stand as a pivotal factor that could influence gold's gains amidst market shifts and uncertainties.
The drop in bond yields, coupled with expectations of a significant rate cut, may divert Wall Street's focus towards fixed-income instruments, impacting gold's ability to rebound.
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