Risk-off flows dominated financial markets on Tuesday, with the US Dollar appreciating further against most major rivals. XAU/USD fell to $1,815.19,
Hawkish Federal Reserve officials fueled market concerns on Monday.appreciating further against most major rivals. XAU/USD fell to $1,815.19, its lowest since early March, as investors fear additional rate hikes in the US.
Government bond yields sky-rocketed while stock markets plummeted, reflecting renewed fears. The 10-year Treasury note yielded as much as 4.79%, its highest in over sixteen years, while the 2-year note offers 5.13%.XAU/USD bounced from the aforementioned low but trades in the red.
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