Gold on track for first weekly decline in three
For the week, Gold has lost more than 1% as the dollar hit a more than four-month high on Thursday
26 March 2021 - 11:51
Bengaluru — Gold prices were flat on Friday, as lower US yields and worries about the global economic recovery following a surge in Covid-19 cases across Europe countered a rising dollar, although bullion was still on course for its first weekly decline in three.
Spot gold was little changed at $1,727.10/oz by 0745 GMT. US gold futures were up 0.1% at $1,726.30/oz. “The strength of the dollar has definitely put a cap on gold and now that treasury yields have gone down a bit on the short end, that's technically supposed to be positive for gold,” said Brian Lan, MD at GoldSilver Central...
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