collected by :Irax John
according to Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings. Never miss a great news story!
as declared in Platinum was up 1.1 percent at $927.48, as producers, fabricators and traders gathered for Platinum Week in London. Gold prices pared gains as the U.S. dollar came off its lows and U.S. 10-year Treasury yields bounced up from a 1-1/2-week low. Gold demand, meanwhile, has strengthened in China and India, supporting prices. Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion. "Unless there is more stronger data, more than two rate hikes are not very likely (this year)," said Argonaut Securities analyst Helen Lau.
as declared in
read more visit us gold
according to Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings. Never miss a great news story!
as declared in Platinum was up 1.1 percent at $927.48, as producers, fabricators and traders gathered for Platinum Week in London. Gold prices pared gains as the U.S. dollar came off its lows and U.S. 10-year Treasury yields bounced up from a 1-1/2-week low. Gold demand, meanwhile, has strengthened in China and India, supporting prices. Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion. "Unless there is more stronger data, more than two rate hikes are not very likely (this year)," said Argonaut Securities analyst Helen Lau.
as declared in
Gold: Gold firm on weak US data, N. Korea concerns
Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings. Never miss a great news story!read more visit us gold
Comments
Post a Comment