Skip to content Skip to footer

XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices (XAU/USD) rallied over 1.0% on Thursday, rebounding from a lackluster performance in the preceding trading session, propelled by a significant retreat in U.S. Treasury yields following disappointing labor market data released earlier in the day. Focusing on the catalysts, applications for unemployment benefits for the week ending November 11 rose more than projected, clocking in at…

Read more