rose Gold prices Again in Instant transactions On Tuesday, March 24, after incurring yellow metal Sharp losses over the past weeks, amid continued strength US dollar Treasury bond yields rose Ounce prices To $4468.98.
Record losses since January
Lost gold About 21% since reaching a record high of $5,594.82 per ounce at the end of January, and it also lost about 10% last week in its worst performance since September 2011. On the other hand, the dollar index has risen by about 3% since the beginning of the Iranian escalation, which has added pressure on demand.
said Rajat Bhattacharya, chief investment strategist at… Standard Charteredthat gold It retreated after being supported by safe-haven demand at the beginning of the conflict, explaining that investors often liquidate their assets to cover margin calls or take profits in times of stress.
Liquidity pressures and bond yields
Yield rose US Treasury bonds For 10 years, the rate rose 5 basis points to 4.384%, which reduced the attractiveness of gold as a non-yielding asset.
A natural correction after a record rise
Analysts see the recent selling wave as a natural correction yet Gold rise More than 64% last year, driven by geopolitical factors and financial concerns.
Xavier Wong, a market analyst at eToro, explained that the record rise was the result of a loss of confidence in financial policies and the increasing diversification of central banks away from the dollar, and that a reduction in investment positions is expected after a strong performance by gold.
Long-term outlook
Despite the current decline, experts confirm that structural factors such as geopolitical risks, the fiscal deficit, and continued demand from central banks support the positive outlook for gold in the long term, with short-term fluctuations expected due to the strength of the dollar and global events.
