Gold Rebounds as US Yields Fall, Dollar Weakens
Gold price recovers to a two-day high of $4,096 as falling US Treasury yields weigh on the US Dollar, with traders trimming hawkish Fed bets. XAU/USD currently trades at $4,076.
XAUUSD
Gold (XAU/USD) staged a recovery on Friday, climbing to a two-day high of $4,096 as the US Dollar softened alongside declining Treasury yields. The move followed investors scaling back expectations for aggressive Federal Reserve tightening.
The pair was last seen trading at $4,076, still holding onto gains as the greenback faced pressure from lower yields. The rebound marks a pause in recent selling, with gold finding support from the shift in rate expectations.
Source: FXStreet Forex News