Gold prices continued to rise slightly today, extending gains from Tuesday, supported by a drop in U.S. Treasury yields. Investors remain cautious, awaiting more data for fresh clues on the Federal Reserve's monetary easing cycle. The 10-year Treasury yield dipped after a report revealed weaker manufacturing activity in New York State.
This decline in bond yields...
EURUSD is in a clear downtrend, with key resistance between 1.09165 and 1.09285. The price may see a short-term pullback to this zone but is likely to continue falling as selling pressure increases. If it breaks below the 1.08830 support level, the downtrend will strengthen, potentially leading to further declines.