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: 2021-09-18 09:22:03
Gold prices in the Iraqi local markets today

Gold touches over 2-week high after Fed pledges to keep rates low

Date: 2021-03-18 08:50:21
Gold touches over 2-week high after Fed pledges to keep rates low

High gold prices due to increasing in demand

Date: 2020-08-13 12:15:27
High gold prices due to increasing in demand

Gold inches up in Iraq today

Date: 2021-05-23 08:28:10
Gold inches up in Iraq today

Gold prices flat as lower U.S. bond yields offset firmer dollar

Date: 2021-07-20 06:24:39
Gold prices flat as lower U.S. bond yields offset firmer dollar

Gold gains as U.S. stimulus prospects offset firm dollar

Date: 2021-01-18 10:00:38
Gold gains as U.S. stimulus prospects offset firm dollar

PRECIOUS-Gold struggles for direction ahead of U.S. data, ECB meet

Date: 2021-06-09 07:44:38
PRECIOUS-Gold struggles for direction ahead of U.S. data, ECB meet

Gold prices drop in the Iraqi capital today

Date: 2021-12-02 09:41:55
Gold prices drop in the Iraqi capital today