Gold Price Remain Under Pressure

The US 10-year government bond yield has declined from 3.50% on Monday last week to 3.26% yesterday. As a result, gold could remain under pressure. However, there is very good support from physical buying out of Asia since Friday — hence, I view that gold will remain range-bound.

Back home at Malaysia, Gold price is still holding up above RM104 per gram and I think in short term this level will not be broken. Below is the latest Malaysia gold price:-

Comments

Popular posts from this blog

Gold edges up on weaker dollar, dovish U.S. Fed policy bets

India, not Trump, is the real reason behind the crash in gold prices

For the gold price, two outcomes are possible.