Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold subdued as rising US treasury muted weaker dollar

Category: Economy

Date: 2021-05-12T09:37:42+0000
Gold subdued as rising US treasury muted weaker dollar

Shafaq News/ Gold prices slipped on Tuesday as rising U.S. Treasury yields countered support from a weaker dollar and investors awaited U.S. consumer price data to gauge inflation.

Spot gold fell by as much as 0.4% to a session low of$1,829.94 per ounce at 0510 GMT. U.S. gold futures settled down 0.3% at $1,830.30.

Benchmark U.S. 10-year Treasury yields rose for third straight day, increasing the opportunity cost of holding non-interest bearing bullion.

The dollar index hit a more than two-month low in the session, helping gold pare its earlier loses.

Elsewhere, palladium rose by 0.3% to $2945.02 per ounce, while platinum was down 0.5% at $1229.02. Silver lost 0.9% to $27.38 per ounce.

related

Gold prices in the Iraqi local markets today

Date: 2022-01-04 12:16:05
Gold prices in the Iraqi local markets today

PRECIOUS-Gold slips on firmer dollar as markets eye U.S. inflation data

Date: 2021-06-08 08:20:57
PRECIOUS-Gold slips on firmer dollar as markets eye U.S. inflation data

Gold prices drop in the Iraqi capital today

Date: 2022-05-18 09:05:42
Gold prices drop in the Iraqi capital today

PRECIOUS-Gold eases as firmer U.S. Treasury yields weigh

Date: 2021-02-25 07:33:43
PRECIOUS-Gold eases as firmer U.S. Treasury yields weigh

Gold slips as rising Treasury yields bolster dollar

Date: 2022-04-11 07:23:23
Gold slips as rising Treasury yields bolster dollar

Gold prices drop in Iraq today

Date: 2021-09-14 09:22:14
Gold prices drop in Iraq today

Gold prices edged higher in the Iraqi capital today

Date: 2022-06-20 08:45:06
Gold prices edged higher in the Iraqi capital today

Gold prices in the Iraqi local markets today

Date: 2021-03-22 09:31:10
Gold prices in the Iraqi local markets today