Gold: XAU/USD remains under pressure amid rising yield – ANZ

NEW YORK (June 21) Gold prices remain under pressure from rising US Treasury bond yields, economists at ANZ Bank report.

Fall in the USD is not helping Gold

Gold price momentum slowed recently as the UST 10y bond yield inched higher. 

The Fed didn’t raise rates in the latest meeting, which led the USD to fall below 103. However, Gold did not find much support as the prospect of the Fed remaining hawkish has increased.

FXStreet