Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone

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<p>An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/532234-gold-a-further-deterioration-in-us-10-year-treasury-yield-may-support-a-bullish-tone/">Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>