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