Gold firms as dollar, yields slip; markets watch Israel-Iran truce
From brecorder.com
Gold firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while market participants monitored the fragile truce between Israel and Iran. Spot gold was up 0.2% at $3,328.89 per ounce, as of 0250 GMT, after hitting a more than two-week low on Tuesday. U.S. gold futures rose 0.3% to $3,343.00. The dollar index hovered near a one-week low, making bullion more attractive for other currency holders. The benchmark 10-year Treasury yields remained near a more than one-month low. “The technical selling of the U.S. dollar and weaker U.S. Treasury yield have benefited gold prices,” OANDA senior market analyst ...
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