XAU/USD: Gold Bulls Take Advantage of Falling Yields Ahead of Unemployment Data and Biden Speech
XAU/USD: Gold Bulls Take Advantage of Falling Yields Ahead of Unemployment Data and Biden Speech Key Talking Points: President Biden to address the nation on Covid-19 anniversary as stimulus package is approved Gold prices have been hard to comprehend in recent days, especially when inflation data in the US was in line with expectations, easing back fears of investors who were expecting a larger jump in prices and softening the recent spike in yields. One would expect gold to be slightly weaker on the back of this, playing down its appeal as an inflation hedge, but the commodity looks like it...
Source: dailyfx.com