Gold as dollar gains for 5th session, retreat yields

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Gold prices have risen to their highest level

Within two weeks on Tuesday, there was the application of safe haven metal

Between a weak US dollar and low Treasury yields

Reducing appetite for risk in financial markets.

Spot gold rose 0.6% to $ 1,865.07 per ounce 2:19

pm ET (1819 GMT), the highest hit since May 9

8 1,868.69 US Gold futures before the session

About 1% is set up at $ 1,865.4.

Weakness in the dollar index as well as the fall in the United States

Their recent high has provided a treasury yield

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A supportive environment for gold, said David Meager, director

Metal business in high ridge futures.

Greenback is a one-month low, while the US is 10-year

Treasury yields have fallen as equity weakness has resurfaced

Demand for safe haven for loans.

“Gold traders are increasingly questioning the Fed

As the economy grows, a recession tends to grow

Anxiety is breathing life into the gold market. Reverse flow from

Supported CTAs with renewal increase in ETF

Recovery, ”analysts at TD Securities wrote in a note.

Yellow metal time value is seen as a safe store

A hedge against economic times and inflation, but

Rising interest rates tend to weigh on non-performing bullion.

The Federal Reserve stepped up its fight against the 40-year-old

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High inflation, Atlanta Fed President Rafael Bostick said in a statement

He is careful to avoid the article on the bank’s website

Triggering “significant economic displacement” with interest rates

Hikes that was very sharp.

“Now we know what we’re getting from the Fed, you know

One could argue that gold is again moving in a fairly clear path

Forward, ”Meger added, raising market questions

Whether inflation will be enough to stop inflation

Short-term stress.

Spot Silver rose 1.3% to $ 22.05 an ounce, platinum

0.6% decreased to $ 952.80 and palladium increased 0.5%

$ 2,002.19.

(Reporting by Seher Darin in Bangalore; edited by Krishna

Chandra Iluri, Shailesh Kuber and Amy Karen Daniel)



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