View full page at metalsmine.com

 

Gold prices drop as strong US dollar, yields dim bullion’s shine

From brecorder.com

Gold prices slipped for a second consecutive session on Thursday as the US dollar and Treasury yields edged higher ahead of key inflation data, which could offer further clarity on the Federal Reserve’s interest rate plan. Spot gold was down 0.4% at $2,330.44 per ounce, as of 0311 GMT, after falling 1% on Wednesday. US gold futures fell 0.5% to $2,328.60. The dollar strengthened 0.5%, making the greenback-priced bullion less attractive for other currency holders, while benchmark US 10-year bond yields lingered near the multi-week highs hit in the previous session.“I think it’s a case of investors realising that the ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis