Gold Prices fall as Dollar, bond yields rise ...Qatar

News by : (Gulf Times) -
Gold prices recorded a decline on Wednesday, as the dollar and US Treasury yields climbed to multi-year peaks after hawkish rhetoric by Federal Reserve officials fuelled expectations of aggressive interest rate hikes. Spot gold was down 0.3 percent at $1,624.12 per ounce, edging closer to a 2-1/2-year trough of $1,620.20 touched earlier this week. US gold futures was 0.3 percent lower at $1,631.60. The dollar index scaled a fresh two-decade peak, making greenback-priced bullion more expensive for buyers holding other currencies. Benchmark US 10-year Treasury yields rose to 4 percent for the first time since 2010. As for other precious metals, spot silver hit a three-week low and was last do

Read More Details
Finally We wish PressBee provided you with enough information of ( Gold Prices fall as Dollar, bond yields rise )

Also on site :

Most Viewed News
جديد الاخبار