Gold falls in early Asian trade. The dollar and Treasury yields are currently the main obstacles to gold returning to its broader bullish path, says Simon-Peter Massabni, head of business development at XS.com. Moderating inflation creates an opportunity for gold, but economic resilience and elevated yields are preventing a decisive breakout, Massabni adds. “The real turning point will not come from a single day of price action, but from markets sustainably repricing the path of U.S. monetary policy,” Massabni says. Spot gold is 0.4% lower at $4,160.68 a troy ounce, taking weekly losses to nearly 3%.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing