- Gold price lost its bright as the US 10-year Treasury bond yield recovers lost ground, eyeing 3.45%.
- US Durable Goods Orders soar in March, surpassing estimates, while Core Orders (excl. transport) edge up.
- Gold Price Analysis: XAU/USD shows bearish signs as it stays below the 20-day EMA, and RSI accelerates a downtrend.
Gold price retreats after hitting a weekly high of $2009.34, drops as an uptick in US Treasury bond yields weighed on the yellow metal price. Though the XAU/USD dived below the 20-day Exponential Moving Average (EMA), a weak US Dollar (USD) capped its fall. The XAU/USD is trading at $1987, down 0.50%.
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