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Urgent: Gold falls towards the 1900s... after shocking data
Gold has now fallen more than $41 an ounce, down to levels near $120 an ounce, or the equivalent of a decline of more than 2.1%, and the yellow metal oscillates between $156 levels as a top and 1921 levels as a bottom.
Gold's declines coincided with the decline of the dollar, as the main dollar index fell below the 99-point levels, coinciding with the rise of the euro, sterling and the Australian dollar.
The main dollar index fell during those moments by more than 0.3% to 98.7 points, while the euro rose 0.5%, the sterling increased 0.55%, and the Australian dollar rose 0.33%.
On the other hand, the yield on US 10-year Treasury bonds declined, but it is still trading near its highest level since July 2019, more than two years.
The yield on US 10-year treasury bonds decreased slightly in the range of 0.041 to 2.03%. In contrast, the yield on treasury bonds in Germany, Britain, Spain and Britain decreased by 0.03%, 0.047%, 0.032% and 0.018%, respectively.
