Gold Prices May Fall Further as US Jobs Data Drives Fed Outlook
The US 10-Year Treasury yield has been growing since August 4, 2020, when Russia announced a locally developed Covid-19 vaccine.
Last week's gold plunged $84.71, down 4.5%. The dovish Federal Open Market Committee's (FOMC) could underpin gold prices in the coming weeks, despite gold's recent setbacks.
Better-than-expected US GDP boosted the US Dollar as gold prices tumbled. JPY/CHF fell as geopolitical risks in Asia rose. Equities may pause declines, all eyes