Gold firms after drop as US Treasury yields retreat
Investors are taking opportunity to buy the dip amid rising inflationary pressure, analyst says
21 June 2021 - 07:35
Bengaluru — Gold prices gained on Monday after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal’s appeal.
Spot gold climbed 0.7% to $1,775.96 per ounce by 5.30am, while US gold futures edged up 0.3% to $1,774.7 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.