Price pressure on gold, silver amid rising U.S. bond yields
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Gold and silver prices are under pressure due to rising U.S. bond yields, as reported by Jim Wyckoff, a seasoned financial journalist with extensive experience in commodity markets.
December 27, 2024 | 1:45 pm
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NEGATIVE IMPACT
AAAU, a gold-backed ETF, may experience short-term price pressure due to rising U.S. bond yields affecting gold prices.
Rising U.S. bond yields typically lead to higher opportunity costs for holding non-yielding assets like gold, which can negatively impact gold prices and, consequently, gold-backed ETFs like AAAU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80