Gold prices stabilized after a 2-week high hitting the dollar

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Gold stabilized on Tuesday as the United States

That the dollar stabilized after a slide in the previous session

The greenback-priced bullion has moved to its highest level of two

Week

Fundamentals

* Spot Gold holds 1,852.84 per ounce,

0048 GMT, after going to the highest scale from 9 May

US gold futures rose 0.3% to 1,865.29 on Monday

$ 1,852.40

* The dollar stabilized after falling in a month

Less than the previous session. A weaker dollar makes the bullion even higher

Attractive for foreign buyers.

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* Benchmark US 10-year Treasury yields are simple, surging

Demand for zero-yield gold.

* Ether George, President of the Federal Reserve Bank of Kansas City

On Monday, he said he hoped the US Federal Reserve would withdraw

The next step is to set interest rates at around 2% by August

Both supply and demand depend on how inflation is affected.

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

The economic crisis has become less attractive to investors

When the US interest rate is raised because there is nothing in it.

* Asian stocks started to slow on Tuesday

A rally on Wall Street was soured by an early slide in the United States

The stock futures, while the euro was near one month high as the odds

Compressed on July rate hike by ECB.

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* SPDR Gold Trust, the world’s largest gold-backed

Holdings rose 0.44% to 1,068.07, the exchange-traded fund said.

1,063.43 tons on Friday to tons on Monday.

* Spot Silver down 0.2% to .7 21.72 per ounce, and

Platinum fell 0.3% to $ 956.10, while palladium

0.2% to 99 1,996.20

* Russia’s Nornikel lowered its forecast for Monday

The global palladium market deficit in 2022 is 100,000 troy ounces

Due to low demand from the car industry in Ukraine

A slow recovery of the chip market from crisis and deficit.

(Report by Bharat Govinda Gautam in Bangalore; edited by

Sherry Jacob-Phillips)

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