XAUUSD - Heads down and probes key support ahead of US jobs data
Gold prices fell on Thursday, extending losses from the previous session, as interest rates rose in both Europe and the US. This decrease was due to adjustments in central bank monetary policies. In the afternoon trading session, XAU/USD dropped by around 0.3% to $1,910.
US yields surged, with the 2-year benchmark surpassing 5.0% and the 10-year benchmark rising above 4.0%. These are the highest levels since 2007 and were driven by strong economic reports in the US in March.
US yields surged, with the 2-year benchmark surpassing 5.0% and the 10-year benchmark rising above 4.0%. These are the highest levels since 2007 and were driven by strong economic reports in the US in March.
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