Gold: Higher yields and stronger Dollar weigh – Deutsche Bank
Source Fxstreet
Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged. Subsequent relief from the US‑Iran MoU did not fully offset the earlier move, leaving Gold modestly lower in the latest data.
Hawkish Fed backdrop pressures Gold
"The rates repricing also weighed on assets such as gold (-1.71%) and Bitcoin (-2.15%). On the other hand, the dollar (+0.55%) gained against all G10 currencies."
"(Gold^ @ 4323 // -0.34%)"
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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