Gold Prices fall as Dollar, bond yields rise ...Qatar

Gold prices recorded a decline on Wednesday, as the dollar and US Treasury yields climbed to multi-year peaks after hawkish rhetoric by Federal Reserve officials fuelled expectations of aggressive interest rate hikes. Spot gold was down 0.3 percent at $1,624.12 per ounce, edging closer to a 2-1/2-year trough of $1,620.20 touched earlier this week. US gold futures was 0.3 percent lower at $1,631.60. The dollar index scaled a fresh two-decade peak, making greenback-priced bullion more expensive for buyers holding other currencies. Benchmark US 10-year Treasury yields rose to 4 percent for the first time since 2010. As for other precious metals, spot silver hit a three-week low and was last do

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Last updated : 28 September 2022 clock 10:49 AM

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Gold Prices fall as Dollar, bond yields rise ...Qatar

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