Gold inches down as US bond yields bounce back - Business News, Finance News, Share Market News - Market trendz

Post Top Ad

Tuesday 5 July 2022

Gold inches down as US bond yields bounce back

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...

No comments:

Post a Comment

Post Bottom Ad