fxstreet.com 03 Feb, 2021 11:15 am

Low real interest rates are here to stay, supporting XAU/USD – ANZ

Low real interest rates are here to stay, supporting XAU/USD – ANZ
US 10y yield is holding above 1% while XAU/USD is trading around $1,850/oz. The rising US 10y yield and the outperformance of risky assets have weighe

US 10y yield is holding above 1% while XAU/USD is trading around $1,850/oz.The rising US 10y yield and the outperformance of risky assets have weighed on the safe haven appeal of gold.Key quotes “The rising US 10y yield and the risk-on tone of the market have been subduing investor interest in gold for the past few months.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.However, rising inflation expectations should provide some support in the medium-term, strategists at ANZ Bank appraise.

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