Gold prices fell in the previous session on prospects of interest rate hikes from central banks that are trying to take on inflation, but managed to stay above the $1,800 price support level. Higher interest rates and bond yields raise the opportunity cost of holding non-yielding bullion.
from Commodities-Markets-Economic Times
Read The Rest:economictimes...
Post Top Ad
Tuesday 5 July 2022
Gold inches down as US bond yields bounce back
Tags
# commodities
Share This
About ajit
commodities
Tags:
commodities
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment