US 10-year yield has dropped by nine basis points this month. Gold has gained over 3% this month, currently trades near $1,832. The US real or inflation-adjusted yields are falling again and look to be powering gains in gold. The 10-year real yield fell to -0.98% on Monday, having started the month at -0.89%, according to data provided by the US Department of The Treasury. The nine basis point decline in the US real yield seems to have put a bid under the yellow metal this month. At press time, gold is trading near $1,832 per ounce, representing more than 3% gains on a month-to-date basis. Prices bounced from $1,775 to $1,875 earlier this month. A decline in inflation-adjusted yields often bodes well for the store of value assets such as gold. The yellow metal rose sharply from $1,450 to a record high of $2,075 in the five months to Aug. 7, as the real yield collapsed from -0.42% to a lifetime low of -1.08%. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PM Morrison: Not accepting that China has banned imports of Australian coal FX Street 2 years US 10-year yield has dropped by nine basis points this month. Gold has gained over 3% this month, currently trades near $1,832. The US real or inflation-adjusted yields are falling again and look to be powering gains in gold. The 10-year real yield fell to -0.98% on Monday, having started the month at -0.89%, according to data provided by the US Department of The Treasury. The nine basis point decline in the US real yield seems to have put a bid under the yellow metal this month. At press time, gold is trading near $1,832 per ounce, representing more than 3% gains on a month-to-date… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
