“The key question for gold in times of geopolitical crises is always whether economic and financial market risks are on the rise or whether they are receding. For the moment, the gold market is reflecting the latter even though it is constantly assessing the situation, which remains highly in flux and highly uncertain,” said Carsten Menke, Head Next Generation Research, Julius Baer.
Instruments Code Dividend in instrument currency (value per Instrument for Long positions) Dividend in instrument currency (value per Instrument for Short positions) Date Time (GMT) Index Honk Kong 50 Cash/Futures 1.1820 -1.1820 24/03/2022 21:59 Australia 200 Cash/Futures 0.1131 -0.1330 24/03/2022 21:59 US SPX 500 Cash/Futures 0.0298 -0.0350 24/03/2022 21:59
One important reason is lower bond prices mean higher bond yields. Investors who hold bonds for income are pleased when their prices fall, because those bonds continue paying the same income as before.
Analysts noted that gold is consolidating in a narrow range following a sharp decline.