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The Fed pivot will be good for gold in 2023, says Bank of America

Por: MarketWatch Business December 02, 2022

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Underpinning the S&P 500’s 14% bounce from its mid-October trough are the recent retreats in bond yields and the dollar, moves that are evidently linked to Fed expectations. The dollar index has broken below its 200-day moving average, while the 10-year Treasury yield is threatening to fall through the floor of a year-long uptrend channel. But this shift in the buck and bonds is also good for another asset: gold . The yellow metal on Thursday,... + full article



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