Gold declines as US yields rise despite Fed’s bulk rate cuts hopes
Gold price hovers below $2,400 but the near-term bias remains bullish on multiple tailwinds. The Fed is expected to cut interest rates by more than 100 bps this year. Investors worry that the US could face a recession. Gold price (XAU/USD) struggles to hold key ground at $2,400 as the US Dollar (USD) and bond yields rise in Tuesday’s North American session. The precious metal…