Gold market analysis: US bond yields and the dollar jointly rose, gold price was severely hit and fell to a two-week low.

Wang Gang, of the Bank of China's Guangdong branch, stated that the recent market continues to digest the unlikely adjustment of interest rates by the Federal Reserve earlier in the summer. As a result, the yields of U.S. Treasuries have been high, with the 10-year yield reaching its highest level in nearly two weeks. The U.S. dollar rose 0.4% on Wednesday, also hitting its highest level in nearly two months at 106.13 U.S. dollars. The recent rebound in gold has been suppressed by this and is difficult to sustain. It has fallen continuously in the past two trading days to a new low in two weeks. Unless the PCE undergoes a very significant change, it is still difficult to affect the attitude of the Federal Reserve maintaining high interest rates in the short term.

FX678 Finance13:23

Will the gold rush continue? Market survey: 24% of Asia-Pacific investors have 'no gold positions', the reason is...

According to surveys by Dowling Global Investment Management and the World Gold Council, 24% of asset owners in the Asia-Pacific region do not hold any gold positions.

FX16812:03

Gold experiences major volatility! During the Asian session, gold price fell almost $11. FXStreet's chief analyst analyzes the technical prospects of the gold price.

During Tuesday's Asian session, spot gold suddenly fell sharply in the short term, and the price of gold is now around $2323 per ounce, a drop of nearly $11 within the day. Valeria Bednarik, chief analyst at FXStreet, pointed out that gold trading is showing a weak trend, but the downward trend in gold prices is currently limited.

FX168Jun 25 10:12

Debt concerns or support for a bull market in gold, Bank of America predicts that it could reach $3000 within 18 months.

As long as the market is in an environment more prone to inflation, the "preventive" demand for gold seems to continue.

Golden10 DataJun 25 10:07

Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.

Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.

wallstreetcnJun 24 22:06

Can the spot gold price hold the key support level while hovering around $2,330?

In the fluctuation of the global financial market, spot gold as a safe-haven asset has been favored by investors. However, the recent trend of the gold price has shown some uncertainty. This article will comprehensively analyze market news and technical analysis, and deeply discuss the future trend of spot gold.

FX678 FinanceJun 24 16:40