The precious metal fell against the greenback in the end day of the week. The downtrend for the precious metal was triggered by the underlying bullish sentiment surrounding the US dollar, which tends to undermine the dollar-denominated commodity. The Fed declared that it was in no hurry to raise interest rates at least through 2023. [...]
Gold prices has edged lower on Thursday as higher U.S. Treasury yields has dented the metal's appeal, although losses were limited due to a weaker dollar and Federal Reserve Chairman Jerome Powell's dovish comments. The US 10-year Treasury yields step back from 1.3940%, the highest since February, to 1.3810% the latest. Comments from Fed policymakers [...]
Yellow metal moved lower on Tuesday following the long US holiday weekend. Gold prices were same on Monday with low volume. US yields shot higher on Tuesday rising 7-basis points and hitting the highest levels seen since February 2020. The uptrend momentum in US yields is adding support on the US dollar and weighing on [...]
The yellow metal makes the heaviest losses in over this month, in the earlier of this month. Gold dropped to a nine-week low the previous day before recovering from $1,785. As the broad US dollar gains remain on the table, which weighs on gold prices off-late, the pre-NFP trading lull seems to challenge the commodity [...]
