Gold rises as dollar, yields slip after Fed hike, Powell comments - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 27 July 2022

Gold rises as dollar, yields slip after Fed hike, Powell comments

​​Benchmark U.S. Treasury yields fell to hover near two-month lows. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. Meanwhile, a sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said.

from Commodities-Markets-Economic Times
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