Gold eases on firmer dollar, bond yields ahead of U.S. inflation data

Reading Time: < 1 minute

Gold prices slipped on Friday as the dollar and U.S. Treasury yields firmed, while investors awaited U.S. personal consumption data later in the day to gauge inflationary pressure. Gold has been a little bit on the defensive side. Technically it was very overbought, and on the fundamental side, the dollar had a big move up yesterday and that started to impact gold.

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu