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Gold pulls back as Hormuz attack keeps crude above $90 - Kitco AM Report
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Gold pulls back as Hormuz attack keeps crude above $90 - Kitco AM Report
(Kitco NewsWire) - Spot gold and silver prices are lower in early U.S. trading Tuesday, as a stronger oil-risk premium and higher long-end Treasury yields offset fading expectations for a September Federal Reserve rate hike. At the time of writing, spot gold was trading near $4,390.40 an ounce, down 0.58%, while spot silver was trading at $64.890, down 1.17% on the session.The latest positioning remains split between weaker U.S. growth data and …
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