ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold Hits 3-Week Low
With the reflections of the strong monetary tightening messages given by the influential figures of the Federal Open Market Committee (FOMC) for the September meeting, the US 10-year bond yields, reached the psychological level of 3.00 percent for the first time since July 21 in the global bond market, put pressure on ounce gold pricing. . In this direction, with the descending channel movement, the probability of the yellow metal, which erases the gains of about 3 weeks, to decrease to the level of 1704 dollars, behind 1719 in its permanence under 1750, will also increase.
