Gold maintains its edge
Gold is trading up for the third week in a row.
The main reason behind its rise lies in the release of US consumer price and producer price data. Both indicators slowed more than expected. In addition to that, we see a fall in the actual yield of US Treasury bonds. According to strategists at Bloomberg, this combination will help XAU/USD maintain its upward momentum.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
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