Gold nears $2000 as higher bond yields weigh ...Middle East

Gold has fallen to a one-month low as the market loses faith in imminent cuts from the Federal Reserve and other central banks. Today's US retail sales report underscored the point as the control group rose 0.8% compared to 0.2% expected.Gold was flat coming into US trading but it's down $19 to $2008 now, breaking the January low of $2013.Typically, gold rallies on January on a strong seasonal effect but that hasn't been the case this year as it's run into a reversal in Treasury yields and expectations about rate cuts. It may also be suffering on the physical side as malaise in China's economy deepens and jewellery buyers balk.I expect that central banks in Russia, China and the Middle East

Hence then, the article about gold nears 2000 as higher bond yields weigh was published today ( Wednesday 17/01/2024 - 06:44 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Gold nears $2000 as higher bond yields weigh )

Last updated : 17 January 2024 clock 06:44 PM

Also on site :

Gold nears $2000 as higher bond yields weigh ...Middle East

Will Harry Kane play for England vs Ghana in FIFA World Cup?

Britain Kicked Out Its Sixth Prime Minister in 10 Years. Now Our Own Trump Is Waiting—and I Fear Not for Long.

Coast Guard helicopter crashes on a training mission in Alaska and four crew members are injured

Supreme Court sides with Michigan county in a tax foreclosure case

/C O R R E C T I O N -- The Oaks Club/

"It didn't look like things were going to change anytime soon": Valve insist price worries were never behind Steam Machine delays

Hardik Pandya's IPL future takes dramatic turn KKR make move: Report

Ketan Agrawal murder: Birthday plot, secret lover and a detail that exposed fiancee's story

'Not Suitable for Work' Cast Reveal Their Dream Guest Stars (Exclusive)

Patriots links 6/23/26: OL starting 5 will keep Maye upright

Fred again.. Announces First Ever India Tour: ‘We Are Beyond Excited to Come’

Cinema Admissions Dropped Across Europe In 2025

Heather Graham, 56, Rocked Instagram With a White Bikini Video and Fans Can’t Stop Calling Her Ageless

Activists HIDING in Robes --> Number of Nationwide Court Injunctions Per Pres by the NUMBERS Is DAMNING

Scotland vs Brazil Prediction: World Cup 2026 Match Preview