$Gold - Apr 2022(GC2204)$
$ETFS Physical Gold(GOLD.AU)$
GOLD is trading in a narrow range, and has held up well given the rising dollar and US yields under hawkish rhetoric from several FED policymakers.
Note that the dollar index is at a two-year high and the benchmark yield on 10-year US Treasury bonds has reached a three-year high.
Gold, however buoyed by uncertainty in Ukraine, rapid inflation and the lingering COVID-19 pandemic, could see its gains dampened or even eroded by the Fed's aggressive inflation-fighting stance.
Technically, the short term levels: $1,900 $1,960
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