Gold declines as dollar gains ground
Spot gold falls on the back of rising US Treasury yields
19 March 2021 - 07:31
Bengaluru — Gold prices fell on Friday as the dollar held onto its gains from the previous sessions on the back of rising US Treasury yields, while the US Federal Reserve’s forecast of a strong economic rebound added further pressure on the safe-haven metal.
Spot gold was down 0.3% to $1,731.86/oz at 3.40am GMT, after hitting a two-week high of $1,755.25/oz on Thursday. US gold futures were down 0.1% to $1,731/oz...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.