Commodities
Gold Prices Tumble Amid Rising Yields and Stronger Dollar
Gold prices have been under pressure lately, losing 2.13% last week and closing Friday near $4,285.
The 10-year Treasury yield surged above 5%, while the US dollar gained 0.82% over the week.
Both yields and the dollar eased slightly on Friday, but gold found little relief from the pressure.
The upcoming PCE inflation report on Wednesday could provide insight into whether this trend will continue in gold.
In order for a strong recovery to occur, gold needs real yields and the dollar to ease, according to the author of the article.