US bond yields and strong dollar put renewed pressure on gold
Gold is under selling pressure after the Fed raised rates. Ten-year Treasury yields near 5.25% and a dollar index above 101 outweigh geopolitical support for the metal.
Gold Market
Gold is under selling pressure after the Fed raised rates. Ten-year Treasury yields near 5.25% and a dollar index above 101 outweigh geopolitical support for the metal.
Gold rose to near $4,180 in early Asian trading on Friday as US Treasury yields eased from multi-decade highs. Focus now turns to the US September nonfarm payrolls report, which could influence the Fed's rate path.
Gold rises 0.89% to $4,379 as oil prices ease, despite a Fed rate hike that had driven the metal to a two-month low. Key resistance sits at $4,400.
Gold rose to a three-month high of $4,681 on Monday after US Treasury sanctions on Iran-linked entities. ETF inflows jumped. Focus turns to Fed Chair Warsh's speech at Jackson Hole.
Gold prices advanced for a fifth straight session as Asian equities declined, mirroring a technology-led selloff on Wall Street. Markets await Nvidia earnings and Fed guidance.
An examination of gold's historical performance during recessions and financial crises, highlighting its role as a store of value and safe-haven asset.
Gold prices have surged sharply in August, supported by a weaker US dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong Chinese demand and India’s upcoming festive and wedding season add further support.
Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar softened after increased liquidity support. Analysts expect continued volatility.
Gold is approaching $4,500 for the first time in over two months as the US dollar weakens. The US Treasury’s decision to double debt repurchases has weighed on the greenback, supporting bullion.