Gilt yields have climbed on Friday, as the Bank of England winds down its temporary bond purchase program, and U.K. Prime Minister Liz Truss only reversed corporate tax cuts. “The vast swings in markets following the announcement suggests that the retracement of £18bn from the unfunded tax burden through reinstating the rise in corporation tax in April may not be enough,” said analysts at Investec Securities. The yield on the 30-year gilt TMBMKGB-30Y,
XAUUSD: Gold continues to strengthen after completing a correction
Despite positive fundamental forecasts for the US, Gold continues to strengthen, with the growth target at 2,650. More details in our XAUUSD analysis for today,