Gold Pullback: Prices Drop Slightly Below $2,720 After Rally
Gold (XAU/USD) is facing a slight pullback, hesitating below a recent one-month high of $2,720. This comes after a rapid rally over the last three days, reflecting the market’s volatility.
The rebound in US Treasury yields, with the benchmark 10-year yield rising more than 15 pips above last week’s lows, is weighing on the ongoing rally for gold. Investors are currently evaluating this price action and considering potential implications for future movements. With the market constantly evolving, traders should remain alert to any changing trends that could affect the precious metal’s price moving forward.
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