Gold edges lower as higher energy prices dim rate‑cut hopes | Metals Mine

  • Gold edges lower as higher energy prices dim rate‑cut hopes

    From brecorder.com

    Gold edged lower on Monday, weighed down by waning hopes of near‑term US interest‑rate cuts due to elevated energy prices, while a softer dollar helped limit losses. Spot gold was down 0.2% at $5,007.58 ​per ounce, as of 0240 GMT. US gold futures for April delivery ​fell 1% to $5,011.10. The dollar nudged lower, making greenback-priced commodities such as bullion ⁠cheaper for holders of other currencies. The US 10‑year Treasury yields eased, increasing the appeal ​of non-yielding bullion. “If higher energy prices push inflation higher and the Fed stays cautious ​about cutting rates, that could keep real yields ... (full story)

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