Gold Price 'Tests Key Support' as Asian Consumer Demand Jumps on ETF Sell-Off
The Dollar Index – a measure of the US currency's value versus its major peers on the forex market – advanced for the 4th consecutive session to its strongest so far in 2021. The yield on the benchmark 10-year US Treasury yield climbed to 1.617%, the highest since February 2020 Monday morning. "Gold has despite a stronger USD and higher real yields managed to bounce from key support at $1688," said derivatives platform Saxo Bank's commodity strategist Ole Hansen. ...