Gold eases as Treasury yields rise, focus on US data
By X-blogger - on October 29, 2024
Gold’s record rally took a breather, as U.S. Treasury yields and dollar gained the upper hand, while investors awaited a series of U.S. economic data due this week for cues on the Federal Reserve’s interest rate outlook.
The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal.
XAU/USD saw a minor rise of 0.2% in the last session.
Support: 2708.2 | Resistance: 2771.4
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