Global Finance The rise in U.S. bond yields prompted gold prices in New York to fall on the 10th

Mondo Finance Updated on 2024-02-01

Xinhua Finance Chicago, January 10 (Reporter Xu Jing) Due to the yield of U.S. Treasury bonds, the most actively traded market on the New York Mercantile Exchange in February ** 5$2 at 2027 an ounce$8, a decrease of 026%。

Affected by central bank demand, geopolitical crises, and interest rates, gold prices will be **15% in 2023.

The price of gold stands comfortably above $2,000. Market analysts expect the probability of gold prices to break out to the upside is greater than the probability of a downside. Gold has near-term support below $2,030.

And analysts**, the Fed will start cutting interest rates in June and cut rates four times this year.

Investors are also waiting for the release of the U.S. consumer price index on the 11th and the producer price index on the 12th to judge the next direction of the Fed's monetary policy.

***25 cents and closed at 23 per ounce$066, a decrease of 011%;Platinum for April delivery ***13$9 at $929 an ounce$6, a decrease of 147%。

Editor: Tan Rui.

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