Gold inches down as US bond yields bounce back - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 4 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
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