Gold breaks below $3,886 to new YTD low
Gold (XAU/USD) fell to a new year-to-date low of $3,880, breaking below the $3,900 and $3,886 levels for the first time since October of last year, as the US dollar and Treasury yields rose amid hawkish Fed rhetoric.
Original · FXStreet AI summary of public reporting
Why: Hawkish Fed rhetoric → higher USD and yields pressure gold
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At publication → CurrentGOLD3,888 → 3,885−0.1%