high interest rates

Gold Remains Firm Amid Lower Treasury Yields and Dollar Strength

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[ad_1] Last Updated: May 31, 2023, 23:48 IST New York, United States of America (USA) U.S. gold futures rose 0.5% at $1,987.20. Spot gold was up 0.4% at $1,967.29 per ounce by 1209 EDT (1609 GMT) on weaker-than-expected Chicago purchasing managers’ index (PMI)data Gold firmed on Wednesday supported by lower Treasury yields but the dollar’s … Read more

Gold Slips as Dollar Rises on Hawkish Cues from Fed Officials

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[ad_1] Last Updated: May 18, 2023, 00:11 IST The dollar’s jump, partly driven by Fed officials generally leaning hawkish overall,” has been weighing on the metals markets, said Jim Wyckoff, senior analyst at Kitco Metals. Spot gold dropped 0.4% to $1,981.29 per ounce by 12:10 p.m. EDT (1610 GMT) after touching its lowest since April … Read more