Gold prices inched up on Tuesday, having earlier slid to its lowest in 8-1/2 months, as U.S. Treasury yields eased and offset pressure from a stronger dollar.
Spot gold was up 0.2% to $1,727.16 per ounce by 1200 GMT after falling to $1,706.70, its lowest since June 15. U.S. gold futures were up 0.3% to $1,727.40.
“We have a bit of a pause in the (rally) in U.S. yields now,” said ABN Amro analyst Georgette Boele.
Gold edges up as U.S. yields soften
- by: Reuters Staff
- March 02, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
Gold bars with green arrow by Marco Verch Professional Photographer is licensed under CC BY 2.0
Gold bars with green arrow by Marco Verch Professional Photographer is licensed under CC BY 2.0
