Gold poised for best week since early May as dollar, yields ease - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Thursday, 14 October 2021

Gold poised for best week since early May as dollar, yields ease

Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal's appeal despite a looming Federal Reserve taper. Spot gold held steady at $1,794.09 per ounce by 0115 GMT but was up 2.1% for the week so far. On Thursday, prices hit a one-month high of $1,800.12.

from Commodities-Markets-Economic Times
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