Gold (XAU/USD) prices surged higher on Tuesday after the market decided to focus on the US debt issuance that will shake up the bond market this week with a large allocation of 10-year and 30-year bonds.
Market participants are starting to worry whether the large amount of debt and its size does not pose a risk that a larger premium will need to be paid (higher interest rates) to get the allocation of issuance.
The market also remains wary of a series of recent comments and headlines about the US tariff plan that President-elect Donald Trump wants to implement.
Source: Newsmaker
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