Dip in treasury yields boosts gold as US jobs data comes into focus
Continued pushback by US Federal Reserve is good for the bullion, analyst says
06 May 2021 - 07:22
Bengaluru — Gold prices edged higher on Thursday as a dip in US treasury yields offset pressure from a stronger dollar, while investors awaited US non-farm payrolls data for April due later this week.
Spot gold was up 0.2% at $1,789.53 per ounce by 5.22am. US gold futures rose 0.3% to $1,788.60 per ounce...
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.