Gold near seven-week high as soft dollar provides support
A retreat in US treasury yields lifts and a weaker dollar lift demand for the safe-haven metal
21 April 2021 - 07:32
Bengaluru — Gold prices rose on Wednesday, hovering near a seven-week high hit earlier this week, as a soggy dollar and a retreat in US treasury yields lifted demand for the safe-haven metal.
Spot gold was up 0.2% at $1,781.60/oz by 4.27am GMT, after hitting $1,789.77 on Monday, its highest since February 25. US gold futures edged 0.2% higher to $1,782.30/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.