Thursday, 26 April 2018

Gold Prices Seen Pressure As The Dollar Jumped And U.S. Treasury

Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict.

The benchmark U.S. Treasury 10- year yield edged above 3 percent as jitters about growing federal borrowing spurred more selling in the U.S. government bonds, paving the path for it to visit levels not seen since July 2011.

Meanwhile, political risk declined after the United States said it would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.

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