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Gold Climbs as Investors Weigh Drop in Yields, Economic Outlook

From bnnbloomberg.ca

Gold advanced as investors weighed a drop in real yields against solid U.S. data that signaled a recovery from the pandemic. Bullion rose as much as 0.4% after ending Monday little changed. Real yields fell for the third time in four sessions, buoying gold’s attractiveness. Still, data point to a rebound as more Americans are vaccinated against the coronavirus and fiscal relief takes hold. Figures showed U.S. service providers experienced the fastest growth on record in March, and stocks climbed to a record. Bullion has clawed back some ground after dropping last week to near the lowest level since June, with recent ... (full story)

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  • Category: Fundamental Analysis