Gold edges higher from over 1-1/2-month low but higher yields cap gains - Reuters
Gold edges higher from over 1-1/2-month low but higher yields cap gains Reuters
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"The decline (in gold prices) is technically stretched, and markets don't seem ready to let gold drop into bear territory as the structural case for gold remains intact, helping it find support."
— Nikos Tzabouras , Executive
"The selloff in the longer end of the U.S. Treasuries implied that longer-term interest rates potentially are on the rise, which also indirectly creates a higher opportunity cost for holding gold."
— Kelvin Wong , Other
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxPdk9yUHBQbEMxaTJkeEJ0X3h5SkRHeGZDYzI0bkx3b3hGSjVnTGZ4VkxHajUxN3BNX1ZkRlMzc1JFQ196bWQzd0dTYWlhSEQyYThUMmEtcWMwY1RnS0xTUU5XSWM1bHZHeTBrT252d1U1VWEwOVdQODFFdjRCbURoN2FnUng2elVWV0VRbk15MW9aRm02RUczMk44OFNpc1JfRzg0bWJ0N1J0dkhMWXluTU1mMDN1VXQ2YW9n?oc=5" target="_blank">Gold edges higher from over 1-1/2-month low but higher yields cap gains</a> <font color="#6f6f6f">Reuters</font>
Gold prices steadied after slipping to a more than 1-1/2-month low due to inflation fears triggering a rout in the global bond market.
Gold prices steadied as investors bought the metal after it slipped to a more than 1-1/2-month low following inflation fears that triggered a rout in the global bond market.
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