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Isn’t it wild how gold sometimes acts like a cat on a hot tin roof? One minute, it’s tumbling down, and the next—bam!—it’s clawing its way back up toward that elusive $4,700 per troy ounce mark on Maundy Thursday. Now, you’d think with the Middle East heating up again, gold would be flying high, right? Not quite. The muscle-flexing US Dollar and climbing Treasury yields are like a double whammy, keeping the shiny metal’s vibe pretty sour. So, here’s my question for you: can gold really shine when the financial giants are pulling strings that keep it in check? Let’s dive in and unpack this puzzler. LEARN MORE.
Gold now regains some composure and comes closer to the key $4,700 mark per troy ounce on Maundy Thursday, setting aside part of its initial drop. Despite the resumption of geopolitical tensions in the Middle East, the robust performance of the US Dollar and rising US Treasury yields all keep the sentiment around the yellow metal sour.
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