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Gold climbs 1.2% to $4,183.49 an ounce after a strong 30-year Treasury auction, as record ETF inflow
TradingKey - As of Friday (October 9), gold prices (XAUUSD) rebounded noticeably after a period of consecutive decline. During today's Asian session, gold briefly rose back above $4,200, hitting an intraday high of $4,207.73. Having previously touched a two-month low on Wednesday, gold regained upward momentum as the…
Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday,…