Gold firms above $1,500 as bond yields dip on stimulus hopes

From reuters.com

Gold rose on Tuesday to above $1,500, recovering from a more than 1% slide in the previous session, as U.S. yields fell on increasing expectations for looser monetary policy to address fears of a global downturn. Spot gold was up 0.5% at $1,502.41 per ounce by 10:59 a.m. EDT (1459 GMT), after falling to a near one-week low of $1,492.10 on Monday. U.S. gold futures rose 0.1% to $1,512.50. Monday’s correction followed a sharp price rally earlier this month that took gold to six-year highs, largely on the back of U.S.-China trade war concerns, expectations for further cuts in U.S. interest rates and as the U.S. yield ... (full story)