Gold Selling Bias Dominates Amid Risk-on Sentiment – Eyes on $1,750 – FX Leaders

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GOLD prices closed at $1746.30 after reaching a high of $1777.05 and a low of $1737.70. Gold prices dropped for a second consecutive session on Thursday and reached their lowest since August 11, despite a steep fall in the U.S. dollar.The U.S. Dollar Index, which measures the greenback’s value against a basket of six major currencies, dropped on Thursday to 92.98. In contrast, 10-year Treasury yields in the United States increased dramatically on the day, reaching their highest level since July 6th, 1.43%. The sudden rise in yields indicated market expectations about real inflation and how quickly the Fed would have to react to control pressures.XAU/USDThe demand for high-yielding assets such as Treasury Yields surged by more than 1.4% on Thursday after the Federal Reserve announced that it will likely end its pandemic-related stimulus support for the U.S. economy by the middle of next year and begin raising interest rates by the end of 2022. As a result, the non-yielding bu
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