Gold is falling towards the $1700 level as rising Treasury yields continue to dim the appeal of the yellow metal. Strategists at OCBC Bank continue to stay short gold as a tactical strategy. See – Gold Price Analysis: XAU/USD to remain under pressure amid rising US real yields and a strengthening USD – Credit Suisse Key quotes “With 10Y Treasury yields now at 1.68%, gold looks over-valued at current levels.” “We continue to stay short gold tactically and see its fair-value at $1650.” 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 AUD/USD: Bearish head-and-shoulders pattern appears as a work in progress – DBS Bank FX Street 8 months Gold is falling towards the $1700 level as rising Treasury yields continue to dim the appeal of the yellow metal. Strategists at OCBC Bank continue to stay short gold as a tactical strategy. See - Gold Price Analysis: XAU/USD to remain under pressure amid rising US real yields and a strengthening USD - Credit Suisse Key quotes "With 10Y Treasury yields now at 1.68%, gold looks over-valued at current levels." "We continue to stay short gold tactically and see its fair-value at $1650." Top 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.
