Gold as dollar gains for 5th session, retreat yields

Article content

Gold prices have risen to their highest two

On Tuesday week, safely benefited from the metal

USD wilting and depreciating on Treasury yields

Risky appetite.

Spot gold rose 0.8% to 8 1,867.41 an ounce at 1620

GMT, after hitting a high of 8 1,868.69 since May 9

US gold futures rose 1% to 8 1,867.00 during the session

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

Their recent high has provided a treasury yield

A supportive environment for gold, said David Meager, director

Article content

Metal business in high ridge futures.

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

Treasury yields have also fallen as weakness in equities 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.

Once the Federal Reserve paid half of a percent

Article content

Increase the point rate [in June and July] Such chairs have Jerome Powell

According to the signal, “a break in September could make sense.”

Rafael Bostick, president of the Atlanta Fed.

“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 1.5% to $ 22.09 an ounce, platinum

0.2% decreased $ 956.55 and palladium increased 0.4%

$ 2,001.71.

(Reporting by Seher Darin in Bangalore; edited by Krishna

Chandra Eluri and Shailesh Kuber)