Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors’ repricing of Fed rate cuts.
Source: https://www.fxstreet.com/news/new-zealand-terms-of-trade-index-above-forecasts-07-in-4q-actual-37-202603032145
