Gold oscillates in range as firmer Treasury yields dull appeal

Augmont Gold Loan

Gold is trading range-bound as an uptick in U.S. Treasury yields weighed on the non-yielding bullion’s appeal, eclipsing support from a softer dollar. But gold’s pullback looks more technical in nature with the $1750 level being both a technical and a psychological level of resistance in the short term.

Category: Daily Report
Previous Post
Central bank and consumer buying in India and China arrest gold’s slide
Next Post
Gold firms as dollar stalls ahead of US retail sales, jobless claims data

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Your email address will not be published.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.