Skip to main content

Gold slips as USD/JPY and yields rebound

The US treasury yields are now making some upside progress. The 2 Year note is now rising above 4.87%. Earlier it traded as low as 4.82%. This push higher has come after the release of the batch of latest US economic data. As just reported, all that news has helped the USD/JPY rebound and of course those modestly higher yields have played a part in that too. So, as the USD/JPY rebounds with yields that has pushed gold back down below 1,970. Earlier Gold had lifted just above 1,975. It is now trading at 1,966.30
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!