β‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈ Gold retreats from record highs, maintains the bullish strength π¦Ύ
Gold trimmed early gains and hovers around $2,720 a troy ounce, as resurgent US Dollar demand weighs on the safe-haven metal. Resurgent US Treasury yields add to the picture as well as looming US elections.
Fundamental Overviewπ
The US Dollar gathered momentum alongside government bond yields as looming United States (US) elections fuel demand for safe-haven assets. According to the latest Washington Post poll, Donald Trump, the Republican candidate and Kamala Harris, the Democratic one, are still virtually tied in the seven key states.
Prepared by βοΈ @MSTadmin