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%
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
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
The central bank will raise interest rates as much as necessary
Inflation killed a surge that he said threatened the foundation
“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