“Gold Futures Decline Amid Strengthening US Dollar: Traders Seize Profit Opportunities!”
Gold prices experienced a slight drop on Monday, but remained above $2,000 per ounce. This price movement is due to routine profit-taking, according to one precious metals strategist. Gold futures for June delivery dropped by $10.20, or 0.5%, to $2,016 per ounce on the Comex. A stronger U.S. dollar also contributed to the decline in […]
“US Dollar & Treasury Yields Soar following Stellar March Payrolls Report!”
Despite the war in Europe and the global health emergency, U.S. Treasury yields and the dollar both gained ground following the release of the March nonfarm payrolls report by the Department of Labor. According to the data, the U.S. economy added 236,000 new jobs last month, roughly in line with expectations for 238,000 new positions. […]