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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)
