News

Stocks, Yields Decline as Fed Pivot Saps Reflation: Markets Wrap

18237500 - businessman hand pointing to investment as concept

Reuters

Gold prices firm as U.S. Treasury yields slide

Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in U.S. Treasury yields bolstered the non-yielding metal’s appeal. Spot gold climbed 0.7% to $1,775.96 per ounce by 0330 GMT, while U.S. gold futures edged up 0.3% to $1,774.7 per ounce. The real yields are falling helping gold prices to stabilize and attempt a rebound, said Margaret Yang, a strategist at DailyFX, adding “investors are also taking this as an opportunity to buy the dip in view of rising inflationary pressure.”

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News