Gold continues to decline as the dollar and Treasury yields continue to rise

Gold prices fell on Thursday, but remained hovering around six-month lows,
as concerns about rising US interest rates kept investors largely aligned with the dollar,
while Treasury yields also rose.

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Copper

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Spot and gold futures prices fell below the key level of $1,900 an ounce this week,
as the rise in the dollar and Treasury yields showed little signs of slowing.
The US currency reached a 10-month high, while 10-year bond yields reached a 16-year high.

There were several factors behind the recent decline in gold prices, including:

US interest rates rise, making real yielding assets, such as Treasury bonds, more attractive.

Oil prices rise, which could lead to higher inflation and
increase pressure on the Federal Reserve to raise interest rates further.

Fears of a US government shutdown, which could disrupt the economy.

Gold is expected to continue to decline in the near future, as US interest rates are expected to remain high.

Copper

Copper declines as economic slowdown fears persist

Among industrial metals, copper prices fell the most on Thursday,
amid concerns that higher interest rates will dampen economic activity in the coming months.

Copper futures fell 0.4% to $3.6292 a pound, its lowest level since mid-March.

There were several factors behind the recent decline in copper prices, including:

US interest rates rise, which could slow economic growth.

Concerns about the economic slowdown in China, the largest copper importer.

Copper is expected to continue to decline in the near future,
as higher interest rates are expected to slow economic activity.

Gold continues to decline as the dollar

Gold continues to decline as the dollar

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