Gold is trading low on Friday morning due to strengthening dollar and rising U.S. yields. As an uptick in the dollar and U.S. Treasury yields pressured bullion, while investors are awaiting crucial U.S. inflation data later in the day. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits has [...]
Gold prices are higher today after the FOMC minutes. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and fall of US treasury yields. A selloff in the global equity markets provided a strong lift to traditional safe-haven assets and assisted the precious metal. The renewed weakness in [...]
Gold Prices are somewhat up early Friday due to concerns on increasing inflation. Thursday's U.S. producer price index report for April came in at up 0.6% from the month of March, which is double of the forecast 0.3%. The April CPI was up over 6%, year-on-year. The PPI report followed a hot consumer price index [...]
The yellow metal prices on Friday has reached near a high of 2-1/2-month and were on track for their best week in five months, which is aided by a weaker dollar and a pullback in Treasury yields as investors cautiously await U.S. non-farm payrolls report which will be released at 12.30 G.M.T later today. Brian [...]
