Gold shrugs off dollar’s grip as Treasury yields slip
Possibility of higher taxes raises the demand for bullion as a safe haven, analyst says
24 March 2021 - 07:33
Bengaluru — Gold prices rose on Wednesday as US Treasury yields held close to a one-week low, with bullion shrugging off strength in the dollar after Federal Reserve chair an Jerome Powell’s reassurance that inflation would not spiral out of control.
Spot gold was up 0.3% at $1,731.75 per ounce by 5am. US gold futures were up 0.4% at $1,732.70 per ounce...
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