Gold slips as focus turns to nonfarm payrolls data
Elevated treasury yields and an increase in risk appetite weigh on the safe-haven metal
02 June 2021 - 08:59
Bengaluru — Gold prices dipped on Wednesday, as elevated treasury yields and an uptick in risk appetite weighed on the safe-haven metal, while investors awaited US jobs data due this week for cues on economic recovery and near-term Federal Reserve policy action.
Spot gold was down 0.2% at $1,897.36/oz, at 3.11am GMT, after hitting its highest since January 8 at $1,916.40 on Tuesday...
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.