With the holiday trading week in full swing, gold prices are under significant pressure due to a surge in U.S. bond yields. As investors flock to perceived safe-haven assets amidst economic uncertainty, the higher yield on U.S treasury bonds dampens the appeal of the precious metal.<\/p>
Analysts have noted that as long as bond yields continue to rise, gold is likely to struggle to regain its footing in the market. This follows a year of record high gold prices stimulated by the global pandemic and ensuing economic recession.<\/p>
The bright spot in the market comes from the increased demand for gold in the jewelry sector, offering a small reprieve for gold prices. However, the overall mood in the market remains fairly gloomy as traders await further economic indicators in the coming weeks. \nRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":" Gold price under pressure from high US bond yields in holiday trading week – MINING.com With the holiday trading week in full swing, gold prices are under significant pressure due to a surge in U.S. bond yields. As investors flock to perceived safe-haven assets amidst economic uncertainty, the higher yield on U.S treasury bonds dampens […]<\/p>\n","protected":false},"author":1,"featured_media":1236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[16],"class_list":["post-1234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-finance"],"_links":{"self":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/1234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/comments?post=1234"}],"version-history":[{"count":1,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/1234\/revisions"}],"predecessor-version":[{"id":1235,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/posts\/1234\/revisions\/1235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/media\/1236"}],"wp:attachment":[{"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/media?parent=1234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/categories?post=1234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talupa.com\/news\/wp-json\/wp\/v2\/tags?post=1234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}