On Thursday, Gold price enjoyed two-way businesses, initially refreshing a three-week top before reversing to settle below the $2,070 level. In the first half of the day, Gold price benefitted from a sustained weakness in the US Dollar and the US Treasury bond yields, as strong US bond auctions and increased dovish US Federal Reserve (Fed) rate cut expectations underwhelmed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.