Daily Market Updates: Gold breaks $3,886 floor to new YTD low as Fed hawks press on

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Gold breaks $3,886 floor to new YTD low as Fed hawks press on

Reported · Written up by our desk · Major Pairs

Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged higher, while risk appetite deteriorated and hawkish Fed rhetoric pushed prices lower.

Latest closeGold $3,884.90 ▼3.6%

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FXStreetGold breaks $3,886 floor to new YTD low as Fed hawks press on

Forex

Gold breaks $3,886 floor to new YTD low as Fed hawks press on

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