{"id":121537,"date":"2024-04-17T08:45:09","date_gmt":"2024-04-17T08:45:09","guid":{"rendered":"https:\/\/kinesis.money\/?p=121537"},"modified":"2024-04-17T08:45:09","modified_gmt":"2024-04-17T08:45:09","slug":"gold-rally-halts-treasury-yields-rise","status":"publish","type":"post","link":"https:\/\/kinesis.money\/zh-hans\/market-analysis\/gold-news\/gold-rally-halts-treasury-yields-rise\/","title":{"rendered":"Gold Price News: Gold Rally Halts as Treasury Yields Rise"},"content":{"rendered":"\n

Gold prices were broadly steady on Tuesday, as the recent rally to all-time highs was tempered by US economic data which pushed treasury yields higher.<\/p>\n\n\n\n

Gold touched a low of $2,365 an ounce during the day, but picked up slightly to trade at $2,393 an ounce<\/a> later in the afternoon session. That compares with around $2,386 an ounce in late trades on Monday.<\/p>\n\n\n\n

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KAU\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n\n\n\n

US retail sales figures released Monday came in well above expectations for March, helping to drive yields on US 10-year treasury notes to a five-month high. Treasury yields continued to make further gains on Tuesday, and this helped to stem gold\u2019s rally, keeping the price relatively stable after a surge higher over March and the first half of April that saw the yellow metal hit fresh all-time highs of over $2,400 an ounce.<\/p>\n\n\n\n

However, gold prices also remain supported by heightened geopolitical tensions as Israel\u2019s war cabinet met to discuss a response to an Iranian drone and missile attack on the country that was seen as a retaliation for a recent bombing of an Iranian consulate building in Syria which killed high-ranking military figures.<\/p>\n\n\n\n

Israel\u2019s key allies were urging restraint after the latest developments, although the uncertainty surrounding the recent tensions presents risks for financial markets that support safe-haven assets like gold.<\/p>\n\n\n\n

Looking ahead, Wednesday and Thursday will see the release of the latest monthly inflation figures from the UK and Japan, respectively, providing potential clues on monetary policy by central banks in those countries.<\/p>\n\n\n\n

Meanwhile, planned speeches by several US Fed officials on Wednesday and Thursday may help chart the path forward for US interest rates, with the markets recently scaling back bets on the likelihood of three interest rate cuts in 2024.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices were broadly steady on Tuesday, as the recent rally to all-time highs was tempered by US economic data which pushed treasury yields higher.<\/p>\n","protected":false},"author":50,"featured_media":121565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215,91],"tags":[],"class_list":["post-121537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news","category-market-analysis"],"acf":[],"yoast_head":"\nGold Rally Halts as Treasury Yields Rise | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 17th of April 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta 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