⚡️Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting that the FED may not stop raising interest rates, or will maintain interest rates at a high level of 5.25-5.5% for a long time to come.
⚡️Meanwhile, 10-year US Treasury yields also rose, but at a much slower rate than 3-month yields, currently at 4.25%.
⚡️At the end of the summit, Mr. Jackson Hole said that he will definitely raise interest rates to fight inflation, which will greatly affect the metal market.
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