Gold price is more than 1 week due to weak dollar

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Gold prices have touched for more than a week

High on Monday, a facilitation continued to support the dollar

Greenback-priced bullion, albeit high U.S. Treasury yields

Limited profit.

Spot gold rose 0.2% to 8 1,848.96 per ounce, by 0201

GMT. Prices hit their highest hit since May 12 before 1,853.55

In the session

US gold futures rose 0.4% to 8 1,847.90.

“Whether the jury is still out as gold has been moderated

In the medium term the storm, or (it) is merely assembling in response

A sustainable pullback by the US dollar, ”said OANDA Sr.

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Analyst Jeffrey Haley says.

The dollar index started back in the week,

After the first weekly loss in about two months, e.g.

Investors are betting on more dollar gains from rising US rates

And hopefully easing the lockdown in China could help global growth.

A weaker dollar makes bullion more attractive to foreigners


“Before structurally turning bullish, I have to look

Gold retains its recent gains in the face of dollar strength,

And not the weakness of the dollar, “said Haley.

The benchmark US 10-year Treasury yield, however, has been strong

After losing a three-session streak, demand is limited

Zero-yield gold.

James Bullard, President of the Federal Reserve Bank of St. Louis

Last week he reiterated his view that the US Federal Reserve should

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Raising interest rates to 3.5% this year to get higher inflation

More rapid control.

Bullion, at the time, was seen as a secure store of value

The economic crisis has become less attractive to investors

When US interest rates are raised because it yields no results


Reflective Feelings, SPDR Gold Trust, World

The largest gold-backed exchange-traded fund says its holdings have risen

Friday 0.69% to 1,063.43 tons to 1,056.18 tons


Spot Silver rose 0.4% to $ 21.84 an ounce, platinum

0.3% to 958.10, and palladium rose 0.7%

From 1,978.45

(Report by Bharat Govinda Gautam in Bangalore; edited by




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