Gold Price Remains Vulnerable as US Treasury Yields Continue to Fall 2021-01-27 15:00:00 David Song, Strategist
Gold Price Talking Points
The price of gold trades to a fresh weekly low ($1878) ahead of the Federal Reserve’s first interest rate decision for 2021, and the precious metal may continue to give back the rebound from the monthly low ($1803) as long as the weakness in longer-dated US Treasury yields persists. Advertisement
Gold Price Remains Vulnerable as US Treasury Yields Continue to Fall
The price of gold trades below the 50-Day SMA ($1857) again even though the Federal Open Market Committee (FOMC) is expected to retain the current course for monetary policy, and the V-shape recovery from theNovember low ($1765) may continue to unravel as the low interest rate environment along with the ballooning central bank balance sheets no longer provides a backstop for the precious meta