Gold flat as stable dollar, strong US bond yield resistance appeal

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Gold prices were flat on Thursday

Weighs on stable US dollars and higher Treasury yields

Greenback-priced bullion, including the already metallic aspect

Dampened by an aggressive Federal Reserve position on inflation.

Spot Gold holds its ground at 8 1,816.39 per ounce

0242 GMT US gold futures are down 0.1%

$ 1,813.50

The daily closing price of gold is effectively embracing

The trendline is lower than March 2020 (epidemic), and

There are intraday volatile spikes on both sides of that main trendline

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There was a lack of conviction for a sustainable move, the City Index said

Senior market analyst Matt Simpson said.

Boolean basically seems to track daily steps

Dollar and benchmark US 10-year Treasury yield in recent times

During the week, the greenback pushed gold prices to a 20-year high

Monday is the lowest in three months.

A stronger dollar makes gold less attractive to buyers

Keep other coins.

Gold performance and outlook are also under it

An aggressive Fed monetary policy cloud over rate hikes

Banks push upward inflation.

High US short-term interest rates and rising bond yields

The opportunity cost to hold a bullion, which pays nothing.

Fed Chair Jerome Powell promised Tuesday that the United States

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The central bank will raise interest rates as much as necessary

Inflation killed a surge that he said threatened the foundation

Of economics

“ETF (Exchange Traded Fund) flows peaked on the 27th

April and since then we have seen a net outflow because investors have lost

Confidence in the yellow metal… and the fall in the stock market

Just another reason for some investors to convert them has been added

Cash gold, “Simpson said.

Spot Silver rose 0.1% to .4 21.41 an ounce, while

Platinum is down 0.9% at $ 927.37, and Palladium

0.6% decreased to 00 2,004.58.

(Report by Bharat Govinda Gautam in Bangalore; edited by

Sherry Jacob-Phillips)