PRECIOUS METALS | Pepperstone: Asian Gold Buying Lifts Futures Volume as Dollar and Treasury Yields Fall

According to Jin10, Pepperstone research head Chris Weston said Asian gold buying is driving growth in futures trading volume, possibly for several reasons. He said a weaker U.S. dollar index and significant declines in nominal and real U.S. Treasury yields have supported gold prices. Weston said buyers may also be seeking a hedge against further uncertainty under the Trump administration. He speculated that a Democratic “sweep”—control of the White House and both chambers of Congress—could lead the U.S. government to take a more confrontational stance, particularly in international affairs.