Gold, Silver, Platinum – Gold Retreats As Traders Focus On Rising Treasury Yields
Gold
As traders responded to rising Treasury yields, gold fell below the $1835 mark. In response to the release of the better-than-anticipated PMI data, the yield on 10-year Treasuries made an effort to settle above the 3.95% mark. The pressure on the gold markets could increase if Treasury yields continue to rise.
Silver
Rising Treasury yields were ignored by silver traders, and the silver market kept recovering. As the RSI has recently left the oversold region, there is still plenty of room for the price to climb higher in the future trading sessions.
Platinum
While the rally continues, Platinum keeps making an effort to position itself beyond the $940 mark. Platinum will be pushed toward the barrier at the 20 EMA at $965 if it moves over this point.
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