Consumer cheer and yields surge drag gold prices down
Investors await policy cues from the Federal Reserve’s statement, while palladium eased
28 April 2021 - 07:43
Bengaluru — Gold prices fell to a one-week low on Wednesday, weighed down by firmer US Treasury yields with investors awaiting policy cues from the Federal Reserve’s statement, while palladium eased after scaling a record high in the last session.
Spot gold was down 0.3% to $1,771.50/oz by 0348 GMT, having fallen to its lowest since April 20 at $1,765.70 earlier in the day. US gold futures eased 0.4% to $1,771.20/oz...
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