Since the start of the American session, gold has risen by more than $10 and has reached $1805 after falling to $1789 earlier on Wednesday, its lowest level since last Thursday. DXY is now below 96.00, its lowest level since December 1, reversing the upward trend. Despite the decline, US yields remained stable. Thus far this month, the US 10-year has topped out at 1.55%, and the 30-year has topped out at 1.96%. A rise in yields and gold’s rally over the past few hours is unusual, since the correlation is usually in the opposite direction. It could be due to thin trading conditions, a weaker dollar or a somewhat resilient gold.
Since the start of the American session, gold has risen by more than $10
