Gold rises as dollar, yields slip ahead of key US jobs data
From zawya.com
Gold prices gained on Wednesday, buoyed by a weaker dollar and ​lower Treasury yields, while investors awaited key U.S. jobs data later in the day for clues on the ​Federal Reserve's ​policy outlook. Spot gold was 1% higher at $5,074.39 per ounce by 1022 GMT. U.S. gold futures for April delivery gained 1.3% to $5,098 per ounce. "We’ve seen a bit ⁠of a weaker U.S. dollar during the past trading days, which has helped gold and is likely lifting the price today," said Julius Baer analyst Carsten Menke. The U.S. dollar fell to a near two-week low, making greenback-priced gold more affordable for overseas buyers. ...
(full story)