The prospect of rates remaining on hold for longer, has the potential to see more hawkish repricing for treasuries that increases the opportunity cost of holding the non-interest bearing commodity.
Recent escalations in eastern Europe and the Middle East raise the allure of gold due to its safe haven properties but the market has returned to massively overbought territory, hinting at a potential cooling off period at the start of the week in the absence of further escalation.The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S.
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Source: Financial Digest (financialdigest.net)
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