Gold prices have risen to their highest two
On Tuesday week, safely benefited from the metal
USD wilting and depreciating on Treasury yields
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
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
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
Spot Silver rose 1.5% to $ 22.09 an ounce, platinum
0.2% decreased $ 956.55 and palladium increased 0.4%
(Reporting by Seher Darin in Bangalore; edited by Krishna
Chandra Eluri and Shailesh Kuber)