“Gold Holds Steady Amid Market Factors” for FOREXCOM:XAUUSD by Gloria_Gugu

Gold prices edged higher today, with XAU/USD trading at $1992 as the US market observed Thanksgiving, resulting in lower trading volumes. The precious metal found support in the decline of US Treasury bond yields and the weakness of the US dollar, holding its ground within the tight range of $1990-$2000. Since the beginning of November, US bond yields have significantly decreased, dropping over 6% or nearly 30 basis points. Simultaneously, the US dollar has exhibited a noticeable decline …