Gold at over one-month high as weak US dollar, bond yields lift appeal
From brecorder.com
Gold prices climbed on Tuesday to their highest level in more than a month, supported by a weaker US dollar and lower Treasury yields, as investors looked for progress in trade talks ahead of an August 1 deadline. Spot gold was little changed at $3,389.98 per ounce, as of 0503 GMT. Earlier in the session, bullion hit its highest level since June 17. U.S. gold futures held their ground at $3,402.90. “Gold’s move on the upside has been pretty much supported by positive technicals and as well as reinforced by a broad base of dollar weakness,” OANDA senior market analyst Kelvin Wong said. The U.S. dollar index was ...
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