Happy Investors, Gold Wants To Rise Again - Kakiforex.com - Financial Market Media No. 1 in the World Happy Investors, Gold Wants To Rise Again Happy Investors, Gold Wants To Rise Again

April 21, 2021

Happy Investors, Gold Wants To Rise Again

 Gold prices were relatively high in Wednesday's trading session, following a boost from declining US treasury yields and risky market sentiment.


At the opening of the European session, gold futures traded higher around $ 1,785 an ounce, not far from the 7 -week high it reached earlier in the week.


The benchmark U.S. 10 -year bond yield fell to 1.56%, after posting a rise to 1.6% on Tuesday.



The greenback, meanwhile, is still around a 7-week low against most major currencies, despite rebounding as a safe-haven amid a return to risky sentiment.


Covid-19 is once again haunting the market, after India recorded a sharp increase in the number of cases and deaths that forced New Delhi to implement a lockdown.


This caused safe-haven trading to benefit from market concerns that a new wave of Covid-19 would cause the global economic recovery to be affected.