BlockBeats News, October 17th. On the U.S. financial website Investinglive, analyst Justin Low stated that when it comes to gold, all views have already been expressed. There are no signs of a retracement in this round of uptrend. Since the beginning of the week, the price of gold has surged more than $300, making the market extremely volatile. Gold is expected to achieve five consecutive days of gains for the whole week. During the Asian session, the gold price once again experienced fluctuations, dropping to $4280 at one point. However, at this moment, buying pressure quickly surged, pushing the gold price back towards $4370.
The ongoing trade tensions remain the focus of this week, but the bond market is also showing new trends. Earlier this week, the analyst warned that the market was at a critical turning point, and as this week’s trading comes to a close, various signs are starting to emerge. The 10-year U.S. Treasury yield is attempting to firmly break below the 4% level, which may signal a significant shift in market sentiment. Therefore, as we enter the trading period in the middle and late October, it is essential to be vigilant of the fluctuations in other related assets in the market. (FXStreet)
