Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal.
Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal.
Spot gold fell as much as 4% to $4 111/oz on Monday, its lowest since August 5, as oil prices climbed amid a stalemate in US-Iran talks and the yield on the benchmark ten-year US Treasury note touched its...
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Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal. Spot gold fell as much as 4% to $4 111/oz on Monday, its lowest since August 5, as oil prices climbed amid a stalemate in US-Iran talks and the yield on the benchmark ten-year US Treasury note touched its highest since June 2007, before paring gains.
Spot gold fell as much as 4% to $4 111/oz on Monday, its lowest since August 5, as oil prices climbed amid a stalemate in US-Iran talks and the yield on the benchmark ten-year US Treasury note touched its highest since June 2007, before paring gains.
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