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Gold nears $4,500 as geopolitical fears trump rising yields, US Dollar
Gold price (XAU/USD) rallies on Tuesday for the fourth straight day, shy of reclaiming the $4,500 figure even though US Treasury yields rise along with the Greenback, which is also gaining 0.20%. At the time of writing, XAU/USD trades at $4,487, up nearly 1%. Precious metals traders continued to push Gold and Silver toward record high levels amid geopolitical uncertainty. The capture of the Venezuelan President Nicolas Maduro and US President Donald Trump's verbal threats of extending those kinds of operations to other Latin American countries keep investors anxious, which has turned to Bullion’s haven appeal. ... (full story)
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