Market Updates & Interesting Twists

Gold at 9-month low was a big change in market. The gold prices already have been above 1,900 US dollars this year. However, the level of 1,700 seems to be a big one and it is 300 dollars off the 2,000 level it was trading recently. The beginning of the week saw many stocks rising, but gold was loosing ground. The rise in Treasure yields to 1-year high influenced the demand for gold. The market seems to be showing a less demand for safe-haven assets and the gold prices are affected as a result. During 2021 the gold was at maximum of 1,962.50 US dollars per troy ounce.