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Gold Prices Kiss 4-Year Weekly High as $4 Trillion of US Debt Faces Bond Market – Goldman Neal Bhai Reports

Gold Silver Reports – Gold Prices Kiss 4-Year Weekly High as $4 Trillion of US Debt Faces BondMarket – Gold Prices neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week asthe US currency extended its drop on the FX market.

Gold Prices Kiss 4-Year Weekly High

Friday-morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-monthhigh, finding a balance of buying and selling demand at $1358.60 perounce.

An afternoon LBMA Gold Price above $1354.25 would mark bullion’s highest weekly finish in US Dollar terms since mid-March 2014.

Read More: GOLD SILVER Sell Sell Sell And Hold Relaxxxxx 1000% MCX Gold Silver Tips By Goldman Neal Bhai Reports

Back then, 10-year USTreasury yields stood at 2.65% against today’s level of 2.88%

Two-year yields, in contrast, have jumped from 0.36% to 2.19% in nominal terms, taking shorter-term Dollar interest rates to their highest in almost a decade.

Adjusted byinflation, real 2-year rateshave risen fromminus 1.2% to nearly 0% on the latest US consumer-price index.

Only one month since 2012 has seen gold prices avoid a drop from fouryears’ previously when real 2-year US Treasury yields rose one percentage point or more across the same time-frame. – Goldman Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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