Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gold Back Above $1,800 as U.S. Treasury Yields Swoon

CommoditiesOct 25, 2021 02:22PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

By Barani Krishnan

Gold returned to above $1,800 an ounce on Monday as Treasury yields fell amid a bump up in risk appetite that also ended up benefiting the yellow metal.

U.S. gold futures’ most active contract, December, rose $10.50, or 0.6%, to settle at $1,806.80 per ounce on New York’s Comex.

It was the first time since mid-September that a benchmark gold futures contract on Comex had settled above the $1,800 level, which the long-gold crowd sees as key to re-entering record high territories above the $2,000 level hit in August 2020.

“Gold prices are back above $1,800 as investors worry about longer-lasting inflation and as Europe and Asia continue to battle COVID,” said Ed Moya, head of research for the Americas at online trading platform OANDA.

“Gold could face resistance at the $1,840 level, with the $1,875 level providing major resistance.”

Benchmark Treasury yields on the U.S. 10-year note fell to a session low of 1.6240% after hitting a five-month peak of 1.7% last week, reducing the opportunity cost for holding non-yielding gold.

Gold Back Above $1,800 as U.S. Treasury Yields Swoon
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Ashy Larry
Ashy Larry Oct 26, 2021 9:22AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Barani, you wrote a lot of valuable articles on gold and oil here, really appreciate!!! I thought they help investors so much here. I remember you talked about covid 19 second wave, third wave, low demand, call Iran's supply "baby elephant" and predict oil cannot pass $40, $50, $60, $70, $80...... Hope I can see more of them here. You are the best! Also, you suggested gold for a long time, maybe more than one year? I would call this "MANIPULATION" from Wall Street, do you agree? haha
Ashy Larry
Ashy Larry Oct 26, 2021 9:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This guy bullish on gold and short on oil from last year. Now we see what happens, lol
Stephen Fa
Stephen Fa Oct 25, 2021 4:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Inflation is not transitory. Fed knew and lied.
Petet Larkar
Petet Larkar Oct 25, 2021 4:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
and you know?
Mark Brown
Mark Brown Oct 25, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I need a help, I found it so hard to trade here.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email