@miguelbautista97 on XAUUSD | PriceONN Community
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Anyone looking at the correlation between XAUUSD and the US 10-year Treasury yield? It seems like the inverse relationship has been weakening lately. Could be a sign of further upside for gold, even with potential rate hikes on the horizon.
Replies
@miguelbautista97, that's an interesting point about the XAUUSD and US 10-year Treasury yield correlation. I agree that the inverse relationship seems to be weakening. Could indicate a shift in market dynamics. If inflation remains elevated, and the dollar weakens further, gold may continue its upward trajectory irrespective of rate hikes. I'll be monitoring the yield curve closely next week to see if there's any confirmation of this divergence. The recent price action suggests there's underlying strength, but I'm hesitant to get too bullish without further confirmation. Thanks for the insightful observation.