Higher US Bond Yield Pressures Price of Gold
The price of gold on Wednesday's trading (31/3) may weaken due to the higher yield on US government bonds.
US Bond Yields Suppresses Gold Prices
Gold prices have the potential to be corrected in the range of US$1680-1725 per troy ounce.
US Economic Recovery Seen to Pressure Gold Prices
Prices of gold may be corrected and moved between the support level at 1720 and resistance at around 1750 dollars per troy ounce.
Gold Price Seen Stable on Lack of Fresh Sentiment
Gold prices are seen to move relatively stable in the range of 1720-1750 US dollars per troy ounce, in line with the lack of new sentiment after the US released a large stimulus.
US Economic Stimulus Supports Gold Prices
The US Central Bank's affirmation to keep interest rates low and the bond purchase program to stimulate the US economy triggered a strengthening in gold prices.
US Economic Stimulus Puts Gold Price in Pressure
On Tuesday's trading (9/3) the price of gold is seen under pressure by moving in the range of US$1650-1720 per troy ounce, triggered by high yields on US government bonds, especially long-term tenors, which put pressure on the precious metal prices.