Investing.com – Gold was up on Thursday morning in Asia, steadying as U.S. Treasury yields eased. A strengthening dollar capped the yellow metal’s gains, however.
Gold futures inched up 0.08% at $1,734.60 by 1 AM ET (5 AM GMT).
The dollar, which usually moves inversely to gold, also inched up on Thursday. The greenback hit a fresh four-month high against the euro on Thursday, emerging as the safe-haven asset of choice as Europe struggles with its third wave of COVID-19 cases and a delayed vaccine rollout.
Gold Up, Dollar Strengthens Over COVID-19 Worries
- by: Gina Lee
- March 26, 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
