Home / XAU/USD Gold US Dollar / Gold Price Forecast: XAU/USD drops to $1,735 area amid surging US bond yields

Gold Price Forecast: XAU/USD drops to $1,735 area amid surging US bond yields

Update: The latest leg of the decline over the past hour or so could be attributed to a sudden spike in the US Treasury bond yields, which tend to drive flows away from the non-yielding yellow metal.
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