Gold prices fell on Wednesday
The dollar is recovering slightly, putting pressure on the greenback
Bullion with strong treasury yield and an aggressive
The position of inflation by the head of the US Federal Reserve.
Spot gold fell 0.4% to 80 1,808.08 per ounce
0329 GMT US gold futures fell 0.6% to $ 1,807.10.
Gold has been coming together since last weekend
Overall, down to about $ 1,750, Elijah said
Spivak, a currency strategist at DailyFX. “The question is when
Can we find new ways to get there? “
Dollar rises after three-session slide,
Increased demand for gold for other holding investors
“Very focused on Gold’s rate and financial outlook
Policy, especially in the United States, “Spivak said
The dollar did not rally.
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
The benchmark US 10-year Treasury yield is stable after a
The sharp increase in the previous session, hit the demand for
The Fed has raised its benchmark policy rate
Three-quarters percentage points this year, and there are tracks
To increase it again in half-percent-point increments
The next two meetings are in June and July.
Although seen as an inflation hedge, bullion is sensitive
Rising U.S. short-term interest rates and bond yields, which
It increases the cost of keeping opportunities.
Spot Silver down 0.7% to .4 21.46 an ounce, platinum
0.6% down to $ 945.37, and palladium down 1%
(Report by Bharat Govinda Gautam in Bangalore; edited by