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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)
