Spot gold in international markets is trying to recover after the decline experienced by the strong US dollar. The return of US 10-year Treasury paper yields from the 1.60 limit also supports this move.
Spot gold, which tested $ 1,676.10 / ounce yesterday, the lowest since June 5, is currently trading at $ 1,687.85 / ounce. The announcement that the House of Representatives will discuss the $ 1.9 trillion stimulus package on Wednesday was instrumental in the recovery from 9-month lows.
Analysts expect the gold price to test the $ 1700 / ounce level if US 10-year Treasury yields continue to retreat.