Commodities
Gold Prices Sink as Strong Dollar and High Yields Weigh on Recovery
Gold (XAU) had a rough week, losing 2.13% and closing Friday near $4,285.
The 10-year Treasury yield surged above 5%, while the US dollar gained 0.82% over the week.
Although both eased slightly on Friday, gold found little relief.
The upcoming PCE inflation report on Wednesday could be a key indicator of whether this pressure will continue in gold.
According to some views, gold needs real yields and a weaker dollar to make a strong recovery.