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The dollar index ICEUS:DXY rose by +0.41% on Wednesday, just below Monday’s 1.5-year high. Higher T-note yields on Wednesday strengthened the dollar’s interest rate differentials as the 10-year T-note yield rose to a 24-year high of 5.36%. Also, hawkish minutes from the September 15-16 FOMC meeting…
Dubai gold prices climb as US Treasury yields ease, pushing 24-karat gold above Dh500 per gram.
Gold prices have fallen to a two-month low due to a strong US dollar and rising Treasury yields. Spot gold dropped 1.6% to $4,096.13 per ounce, while silver also faced significant declines. The Federal Reserve