Market Signal:NEUTRAL (high Impact)
Gold breaks $3,886 floor to new YTD low as Fed hawks press on
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Target Assets:#GOLD#USD_PKR
Executive AI Takeaway
Gold breaks $3,886 floor to new YTD low as Fed hawks press on — Market signal: NEUTRAL (high Impact)
Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged higher, while risk appetite deteriorated and hawkish Fed rhetoric pushed prices lower.
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