April Gold futures reached a record weekly high close as prices rallied toward $5,069. Gold futures moved higher for the second consecutive week, supported by a significant drop in U.S. Treasury yields. The 10-Year yield fell 16 bps to 4.06%, its lowest level since November. Market participants also sought safe-haven assets due to heightened geopolitical risks in the Middle East and military developments involving regional strike groups. With U.S. markets closed for the Presidents Day holiday, traders increased exposure to Gold futures to mitigate potential weekend volatility. If de-escalation signals emerge from diplomatic talks, Gold futures could see a pullback.
https://www.cmegroup.com/markets/metals.html
#Gold #FuturesTrading #SafeHaven
https://www.cmegroup.com/markets/metals.html
#Gold #FuturesTrading #SafeHaven