The Fed policymakers have entered a blackout period ahead of next week’s FOMC decision. What is moving the US Treasury yields, dollar and gold then? With the return of full markets on Tuesday, investors brace for heightened tensions between Russia and Ukraine, causing the risk premium to explode and driving the benchmark US 10-year yields to a new two-year high of $1.85%. The US rates also jumped, sending the dollar higher, on speculation of aggressive Fed rate hike in March to the tune of 50bps.
Gold Price: Key levels to watch
The Technical Confluences Detector shows that the gold price is testing the bullish commitments at $1,811, which is a powerful resistance of the SMA10 one-day and SMA100 four-hour.