The Price of Gold Is Falling, but These Technical Indicators Point to an Upcoming Rally

Peter KrauthPeter Krauth

Last week was a rough one for the price of gold, and you don’t have to look far to figure out why.

The U.S. 10-year Treasury bond rose back above 3% to reach 3.05% on Tuesday (May 15), the highest it’s been since 2014. It went even higher over the next couple of days, spending the rest of the week above 3%.

That, in turn, pushed the dollar higher, with the U.S. Dollar Index (DXY) reaching well above 93, testing 93.5, and then reaching to 93.8 on Friday.

price of gold


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