Gold gains as inflation worries outweigh higher yields - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 6 February 2022

Gold gains as inflation worries outweigh higher yields

Gold prices rose on Monday, as growing worries over broadening price pressures lifted the metal's appeal as an inflation hedge and helped cushion pressure from higher U.S. Treasury yields after a surprisingly upbeat jobs report. Spot gold rose 0.2% to $1,810.38 per ounce by 0129 GMT, hovering close to its highest nearly a week reached last Friday, while U.S. gold futures edged up 0.2% to $1,812.10

from Commodities-Markets-Economic Times
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