Gold Price Forecast: XAU/USD bulls run out steam as United States Treasury bond yields rebound Gold XAUUSD SEO Commodities YieldCurve
were closed due to Martin Luther King’s Birthday. Even so, the US Treasury bond yields triggered the much-awaited rebound in the US Dollar and probed the XAU/USD bulls as traders have mixed feeling about the Federal Reserve’s policy pivot.US 10-year Treasury bond yields defended the bounce off a five-week low marked the last Friday as traders reassess talks of the United States' “soft landing” and the Federal Reserve’s policy pivot during a slightly dull start of the week.
The nearby bearish trend, however, hinges on the quote’s successful rejection of the bullish channel, by breaking the $1,896 support.
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