Gold futures moved higher on Wednesday, finding support from weakness in the U.S. dollar and a retreat in Treasury yields as global stocks slip, amid rising geopolitical tensions.
Prices for the yellow metal touched a high at $1,800 in Wednesday dealings, but has held ground below that key level since.
“Gold prices are struggling to stay above the 1,800-price mark, an important price point that boosts the confidence among gold bulls,” said Naeem Aslam, chief market analyst at AvaTrade, in a market update.
Gold futures move higher as dollar, stocks and yields retreat
- by: Mark DeCambre
- October 27, 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
