Gold Weekly Forecast: Bulls Failed $1800, Eyeing US Yields, China’s GDP
October 17, 2021 at 16:44 PM EDT
For the start of the week, gold moved in a tight range above $1,750. However, US Treasury bond yields fell sharply on Wednesday, causing the price of the XAU/USD pair to advance nearly 2% before climbing to a new monthly high of over $1,800.
