Gold at One-Week Low
Gold at One-Week Low

Gold at One-Week Low

Gold at One-Week Low

Gold hit a one-week low on Tuesday after US Treasury yields touched fresh highs as investors priced in a rate hike in December, but the precious metal’s losses were limited by rising uncertainty over the US growth outlook, BusinessLive reported. Yields on two-year US treasuries hit nine-year highs on Monday, supporting the dollar and reducing the appeal of non-yielding bullion. Spot gold was down 0.4% at $1,272.79 per ounce, having hit a one week low of $1,270.56. US gold futures for December delivery fell 0.5% to $1,272.70.

Short URL : https://goo.gl/brsWQR
  1. https://goo.gl/CJwFon
  • https://goo.gl/aSGR6K
  • https://goo.gl/h2S88i
  • https://goo.gl/9EsXCH
  • https://goo.gl/grjmQR

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...

Add new comment

Read our comment policy before posting your viewpoints