Dollar slide revives gold as growth concerns take sap risk

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Gold prices bounced on Thursday

With a slide in US dollar and Treasury yield drop

Risk assets revive demand for safe haven bullion

Concerned about global growth.

Spot Gold jumped 0.8% to 8 1,829.20 per ounce

GMT, while US gold futures rose 0.7% to 1,827.70.

To make the bullion cheaper for foreign investors, the dollar

0.3% slide, while US Treasury yields have fallen to their lowest

One week.

Following a sharp follow-up, European shares also fell on Thursday

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Overnight sales on Wall Street closed, persuading investors

Find gold security.

“The dollar is going down and it is very normal for gold

Appreciating it, “said Carlo Alberto de Casa, Overseas Market

Kinesis analyst.

“Unless the US dollar continues to be under pressure and inflation continues

As the fight continues, I see no other reason for the new, big fall

In gold, ”Casa said, $ 1,790- $ 1,800 is a significant

Support zone for boolean.

Earlier, gold prices fell to a four-month low

Week and rose about 2% as the dollar retreated

20 year maximum.

Gold’s reputation as an inflation hedge is being resisted

কেন্দ্রীয় Adopted by central banks to fight through an aggressive policy

Upward prices. Non-productive gold falls in favor

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When interest rates rise among investors.

Fed Chair Jerome Powell pledged the US Central Command this week

Banks will ratchet up rates as high as needed to deal with red-hot


“Rising inflation has failed to affect the market, instead

Central banks raise fears of a more volatile situation, “said ANZ

Analysts wrote in a note.

Still, concerns about global economic growth, fueled by

Sustainable inflation and higher geopolitical risks, should

Save some gold prices, ANZ added.

Among other metals, spot silver rose 0.7% to 21.53

Per ounce, and platinum rose 0.1% to 35 935.93, while

Palladium fell 1.8% to $ 1,979.38.

(Reporting by Swati Verma and Roshan Abraham in Bangalore;

Edit Krishna Chandra Eluri)



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