Gold Rebounds More Than 1% as Dollar and Treasury Yields Weaken
Gold climbed more than 1% Thursday, supported by a weaker dollar and lower U.S. Treasury yields. Expectations for a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data.
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06:43:30 PM UTC
SquawkNews
1443 ET - Gold futures snap a three-session losing streak with support from a drop in U.S. yields and a weaker dollar. "While the immediate pressure has eased, I would be reluctant to interpret today's gains as a clear signal that the correction is over," Fawad Razaqzada of Forex.com says in a note…
Gold rose more than 1% on Thursday and appeared poised to end a three-session losing streak, as the dollar weakened and US Treasury yields declined. Expectations for a Federal Reserve rate hike this month remained subdued despite inflation data coming in hotter than expected.