GOLD - Gold trend is descending, selling gold news
The world gold price continued to fall in a row, the market forecast that the US Federal Reserve (Fed) was about to tighten the currency. The USD and US government bond yields have increased in recent sessions, causing investors to increasingly turn away from gold to redirect speculation on profitable assets.
The 10-year US government bond yield increased strongly in the session last night - early this morning (Hanoi time) with an increase of 0.63% to 4,287%/year. The Dollar-Index - measuring the strength of the USD in the basket of 6 major currencies increased by more than 0.34% compared to the previous session, up 103,600 points, at 8:48 am this morning (Hanoi time).
The Japanese Ministry of Finance recently said that financial instruments were net buyers of medium and long-term US government bonds, reaching 13,600 billion yen ($93 billion) in the first six months of 2023, a record high since It was 2014.
Japan also holds US government bonds amounting to about $1.1 trillion as of May 2023, making it one of the world's top holders of US bonds. The Japanese Ministry of Finance also said that national investors have actively bought medium and long-term bonds of Australia at this time.
The 10-year US government bond yield increased strongly in the session last night - early this morning (Hanoi time) with an increase of 0.63% to 4,287%/year. The Dollar-Index - measuring the strength of the USD in the basket of 6 major currencies increased by more than 0.34% compared to the previous session, up 103,600 points, at 8:48 am this morning (Hanoi time).
The Japanese Ministry of Finance recently said that financial instruments were net buyers of medium and long-term US government bonds, reaching 13,600 billion yen ($93 billion) in the first six months of 2023, a record high since It was 2014.
Japan also holds US government bonds amounting to about $1.1 trillion as of May 2023, making it one of the world's top holders of US bonds. The Japanese Ministry of Finance also said that national investors have actively bought medium and long-term bonds of Australia at this time.
✅ TP1: 1900
✅ TP2: 1892
🛑 SL: 1912