Gold rate today: Yellow metal continues to gain; silver nears Rs 59,000 - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 4 July 2022

Gold rate today: Yellow metal continues to gain; silver nears Rs 59,000

Gold is seen as an inflation hedge, although higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.

from Commodities-Markets-Economic Times
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