Gold slips from January high as economic data, yields in focus

Reading Time: < 1 minute

Gold slipped from the highest level in almost five months as investors continued to weigh optimism over the economic recovery against inflation concerns ahead of a key jobs report on Friday. Data released Tuesday showed a gauge of U.S. manufacturing quickened in May, propelled by stronger growth in orders. That boosted yields on 10-year Treasuries, which weighed on demand for non-interest-bearing bullion.

Share on

Leave a Comment

Your email address will not be published.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