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XAU/USD: Between Inflation and Rates
During the first half of the
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During the first half of the American trading session on Wednesday, the yield on 10-year U.S. Treasury bonds dropped sharply, reaching 4.570% at one point after a recent peak of 4.687%—the highest in 16 months. Similarly, the yield on 30-year bonds retreated to 5.154%, down from a record high of 5.200% since July 2007. Against this backdrop, the U.S. Dollar Index (USDX) corrected from its intraday high of 99.38 to 99.00.The XAU/USD pair took advantage of this moment and rose
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