XAUUSD 2020.02.24

24 Feb 2021

Comparison of the yields of gold and U.S. 10-year Treasury bonds: From the chart, it can be seen that the two show an obvious negative correlation. Gold is under pressure due to the upward yield of U.S. 10-year Treasury bonds. The upward yield reflects the market's inflation And confidence in economic recovery, but gold has lost its traditional anti-inflation properties and has been replaced by a more radical risk asset, Bitcoin. Yellen’s congressional testimony shows that the Fed is not in a hurry to withdraw from the current loose policies and Tolerance of inflation, the increase in yields has eased, and 1.5 is an important resistance. Therefore, when the yield is blocked here, gold is expected to rebound again, probably in March and March. Mid-term