GOLD

Gold

<div class="watcher-guru">
 <p>The weakening of the US dollar and a dip in Treasury yields made <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices climb above $2,000 on Thursday. Gold prices fell below the $2,000 mark this week anticipating the CPI data and the Fed’s interest rate decision. The CPI data published on Tuesday show inflation cooling down to 3.1%.</p>
 <p><strong>Also Read: BRICS: US &amp; China Rivalry Risks Cold War II, Warns IMF</strong></p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="741" src="https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp" alt class="wp-image-121883" srcset="https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 1024w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 300w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 768w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 380w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 550w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 800w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 1160w, https://cdn.thebittimes.com/images/2023/12/14/dee4222c1cd7d407654971114d03f95f.webp 1173w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Investing
  </figcaption>
 </figure>
 <p>However, investors remain cautious as the markets expect inflation to return to normalcy at 2% and below. Coming to the interest rate decision, the Feds have projected rate cuts at some point in 2024. The Federal Reserve kept interest rate cuts unchanged this time keeping it the same since the last three consecutive months.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-weak-us-dollar-amp-dip-in-treasury-yields-make-gold-prices-jump-1-5">Weak US Dollar &amp; Dip in Treasury Yields Make Gold Prices Jump 1.5%</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="691" src="https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp" alt="us dollar gold brics" class="wp-image-106541" srcset="https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 1024w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 300w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 768w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 380w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 550w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 800w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 1160w, https://cdn.thebittimes.com/images/2023/12/14/e2e9058826d749d77f0cddcdfbc4b405.webp 1400w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Medium.com
  </figcaption>
 </figure>
 <p>Gold prices came close to $2,040 on Thursday by rising 1.5% after the Feds paused the interest rate hike. The development added inverse effects on the US dollar and the Treasury yields causing both to dip this week and giving <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices a boost in the charts. However, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices are now cooling down after the rally and are hovering near the $2.035 mark.</p>
 <p><strong>Also Read: BRICS: India Likely Dumped US Dollars To Limit the Rupee’s Loss</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>The Treasury yields hit a 10-year low since August after the Feds held interest rates steady for three consecutive months. The 10-year Treasury yields dropped 19 basis points to 4.016% and the US dollar dipped briefly strengthening <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a>.</p>
 <p><strong>“The Fed’s acknowledgment of inflationary pressures continuing to come down has raised interest rate cut expectations, which is seeing a dramatic drop in yields and US dollar, and a subsequent rise in <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> and silver,”</strong> said David Meger, director of metals trading at High Ridge Futures to CNBC.</p>
 <p><strong>Also Read: BRICS: Analyst Predicts Biggest Economic Crash in US History</strong></p>
 <p>Read here to know a realistic price prediction on when <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> is expected to rise 50% and reach $3,000 next. The markets are now favoring <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> while the US dollar and Treasury yields remain in turbulent waters.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>Federal reserve</li>
  <li>GOLD</li>
  <li>Gold Prices</li>
  <li>Treasury Yields</li>
  <li>US DOLLAR</li>
  <li>US Treasury</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-climbs-1-5-as-us-dollar-weakens-treasury-yields-fall-tbt73642.html">https://thebittimes.com/gold-climbs-1-5-as-us-dollar-weakens-treasury-yields-fall-tbt73642.html</a></p>

Gold Climbs 1.5% As US Dollar Weakens & Treasury Yields Fall

Table of Contents

TheBitTimes

Other articles published on Dec 14, 2023

3 MICRO & LOW CAP Altcoin Gems | HIGHEST 2025 RETURNS

Gemini Earn creditors face potential 70% cut in crypto payouts

Bitcoin (BTC) Stands Tall: Will Ripple (XRP), Polygon (MATIC), and InQubeta (QUBE) Follow?

Jumia Food to exit Nigeria and six other African countries by end of 2023

Crypto Trader Calls Market ‘Massively Undervalued’, Breaks Down Bitcoin, Chainlink and Ethereum

How to Buy Dusk Network Coin?

Join our free newsletter for daily crypto updates!