Forex
Gold Struggles to Maintain Strength Amid US Dollar Rebound
The gold market is experiencing a neutral environment following last Friday's NFP report, which showed stronger-than-expected job growth in the US.
This has led to increased confidence in the US dollar and potentially more aggressive Federal Reserve policy, making it less favorable for gold.
With 10-year Treasury yields near 4.8%, fixed-income investments are becoming more attractive compared to gold, which doesn't generate interest.