Gold bearish into end of year?

18 Nov 2023

Treasury yields fell after US data last week suggested the CBs are done raising rates and the USA looks to be able to avoid a recession. That gave a nice boost for gold. Now treasury yields are starting to come back up on Saturday. 4.40 may have been the bottom for the 10yr yield signaling a bearish call for gold. We will have to wait and see how PA goes Monday. But I expect a drop to start the week. This could see a bear trend start going into the holidays as risk is still on in the markets.