Gold rallies above $5,070 as China treasury shift batters US Dollar
Gold price (XAU/USD) remains bid during the North American session on Monday following reports that Chinese authorities recommended institutions to reduce exposure to US Treasuries or pare down their positions due to increased volatility. At the time of writing, XAU/USD trades at $5.074, up 2.16%.
Gold price (XAU/USD) remains bid during the North American session on Monday following reports that Chinese authorities recommended institutions to reduce exposure to US Treasuries or pare down their positions due to increased volatility. At the time of writing, XAU/USD trades at $5.074, up 2.16%.
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