As soft dollars, gold companies reject pressure from higher yields

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Gold prices rose on Wednesday

A weaker dollar copes with pressure from a stronger treasury

An aggressive stance on yields and inflation by the US Federal Reserve

The head of the reserve.

A weaker dollar makes gold more attractive to buyers

Keep other coins.

Fundamentals

* Spot gold rose 0.1% to 8 1,816.56 an ounce, by

0106 GMT. US gold futures fell 0.2% to 1,814.50.

* Dollar fall raises for fourth day,

Pulling back from a recent two-decade high against a basket

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As the main peers, investors’ appetite for risk increases

The bet has reduced the appeal of the US currency.

* However, the yield on the US 10-year Treasury benchmark

The note has stabilized after a sharp rise in the previous session,

Capping demand for zero-yield gold.

* Fed Chair Jerome Powell promised Tuesday that the United States

The central bank will raise interest rates as much as necessary

Inflation killed a surge that he said threatened the foundation

Of economics

* Fed raises its benchmark policy rate

Three-quarters percentage points this year, and there are tracks

To increase it again in half-percent-point increments

The next two meetings are in June and July.

* Although seen as an inflation hedge, bullion is sensitive

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Rising U.S. short-term interest rates and bond yields, which

Increase the cost of the opportunity to hold it.

* As a consumer, U.S. retail sales rose sharply in April

Bought motor vehicles and in the improvement of supply

Frequent restaurants, no signs of declining demand

Despite high inflation.

* Spot Silver rose 0.2% to $ 21.66 an ounce, platinum

0.1% increase to $ 952.31, and palladium improved

0.2% to 2,057.35

Data / Events (GMT)

0130 Australia Wage Price Index Q1

0600 UK CPI YY April

0900 EU HICP Final April

1230 U.S. Housing Start Number April

(Report by Bharat Govinda Gautam in Bangalore; edited by

Shuvrangshu Sahu)

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