The gold market experienced its strongest selling wave since the beginning of June. The battle of market forces in the gold field The gold market is still in a weak position amid the conflict between buyers and sellers. The price of the yellow metal fell below a key support level before the start of the weekend. Meanwhile, the yield on 10-year US Treasuries fell below 5%. The weekly report published by Kitco indicates that analysts see gold's upward acceleration weakening due to continued inflation. Persistent inflation has led the Federal Reserve to begin a cycle of monetary tightening, a policy that raises interest rates and real bond yields. As a result, the opportunity cost of holding the precious metal that does not pay periodic interest has gradually increased over the past few months. Investors seek refuge in safe-haven assets after heightened concerns about equity markets, an approach that caused the price of long-term U.S. Treasuries to face significant growth on Thursday. A fall in 10-year bond yields has lowered the opportunity cost of holding gold, but analysts say technical selling and broader liquidity concerns are still dominating price trends. ◀ Detailed review of the report.

The gold market experienced its strongest selling wave since the beginning of June. The battle of market forces in the gold field The gold market is still in a weak position amid the conflict between buyers and sellers. The price of the yellow metal fell below a key support level before the start of the weekend. Meanwhile, the yield on 10-year US Treasuries fell below 5%. The weekly report published by Kitco indicates that analysts see gold's upward acceleration weakening due to continued inflation. Persistent inflation has led the Federal Reserve to begin a cycle of monetary tightening, a policy that raises interest rates and real bond yields. As a result, the opportunity cost of holding the precious metal that does not pay periodic interest has gradually increased over the past few months. Investors seek refuge in safe-haven assets after heightened concerns about equity markets, an approach that caused the price of long-term U.S. Treasuries to face significant growth on Thursday. A fall in 10-year bond yields has lowered the opportunity cost of holding gold, but analysts say technical selling and broader liquidity concerns are still dominating price trends. ◀ Detailed review of the report.