Gold Futures Extend Gains as Yields and Dollar Decline
Gold futures are higher as Treasury yields decline and the dollar pulls back, despite strong retail sales and an above-estimate September PPI reading. The report links increased demand for government bonds to a selloff in technology and AI-related stocks.
11:41 ET--Gold futures are higher as yields decline and the dollar pulls back despite strong retail sales and an above-estimate PPI reading for September that followed a hot CPI report. "A sharp selloff in technology and AI-related stocks increased demand for government bonds, pushing U.S. Treasury…