View full page at metalsmine.com

 

Gold gets some respite but still poised for quarterly fall

From cnbc.com

Gold prices rose on Friday as a rally in U.S. dollar and Treasury yields stalled, but was on track for monthly and quarterly declines on increased hopes that the U.S. Federal Reserve would keep interest rates higher for longer. Spot gold rose 0.4% to $1,872.20 per ounce by 1030 GMT. U.S. gold futures gained 0.6% to $1,889.80. The dollar pulled back from 10-month highs and benchmark 10-year Treasury yields retreated from a 16-year peak, lifting bullion’s appeal, but both were still headed for their best quarters in a year. Bullion touched its lowest in six months on Thursday, and was set for its worst month in seven ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis