Gold Retreats After Scaling over 2-Month Peak on US Treasury Move

Gold retreats after scaling over 2-month peak

Gold fell on Thursday, as investors booked profits after prices climbed to a more-than-two-month ‌peak.Spot gold slipped 0.6 percent to $4,495.69 per ounce by 03:31 GMT. Earlier, it was at $4,525.79, its highest since 2nd June, after a more than 4 percent advance on Wednesday.US gold futures rose 0.2 percent to $4,553.30.Among other metals, spot silver gained 0.2 percent to $67.07 per ounce, platinum dropped 1.3 percent to $1,802.29, and palladi…

Gold retreats after scaling over 2-month peak on US Treasury move

Gold prices retreat after hitting a two-month high, as investors take profits amid US Treasury liquidity support announcements.

Gold $5,000 Comes Into View as Dollar and Yields Break Down on Treasury Buybacks - ActionForex

Gold surged 3.7% to $4,495 after a Treasury buyback shock sent long-end yields and the Dollar tumbling — a real-yield move that survived hawkish FOMC minutes and now puts a break above $4,600 within reach of $5,000. The post Gold $5,000 Comes Into View as Dollar and Yields Break Down on Treasury Buybacks appeared first on ActionForex.

Gold holds near $4,500 as US Treasury buyback sends bond yields lower

US Fed meeting minutes show concerns about US inflation deepening Read more at The Business Times.

Gold Climbs Above $4,500 As US Dollar And Treasury Yields Retreat

BitcoinWorld Gold climbs above $4,500 as US Dollar and Treasury yields retreat Gold prices surged past the $4,500 mark on [Date of publication], driven by a simultaneous decline in the US Dollar and falling Treasury yields, which enhanced the appeal of the non-yielding precious metal. What is driving the gold rally? The primary catalyst for gold’s climb is the weakening of the US Dollar. As the dollar index (DXY) slips, gold becomes cheaper for…