Higher real yields and stronger US dollar weigh on gold as Trump puts Iran deal in jeopardy
Forexlivevia NewsData.io
Gold extended the losses yesterday after Trump stated on Truth Social that the US does not need a deal with Iran and directed Vice President Vance to focus on domestic matters. The US dollar and Treasury yields jumped following his remarks, while oil prices extended the gains, fuelling inflation concerns and expectations of additional rate hikes. There’s clearly strong downward pressure at the moment amid the hawkish repricing, higher real yields and stronger US dollar. Looking ahead, I would expect rate hikes to start putting significant downward pressure on the stock market and long-term Tre
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