Gold Price Forecast: Seesawing around $1,800 as investors brace with risk-sentiment. Spot gold extended its advance to $1,808.75 a troy ounce, holding nearby after a short-lived slide to 1,797.57 at the US session. Markets Stocks XAUUSD
on. The bright metal advanced as demand for the greenback remained subdued through the first half of the day, compliments to weaker government bond yields and the better performance of Asian and European equities.
Meanwhile, government bond yields ticked higher, providing modest support to the American currency and preventing the metal from appreciating further. The yield on the 10-year Treasury note is currently at around 1.80%.shows that the metal met buyers around a directionless 100 SMA, and it is currently struggling at around an also flat 200 SMA. Technical indicators are neutral below their midlines, somehow suggesting limited buying interest.
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