Gold prices were little-changed early Tuesday after the yellow metal settled at its highest level in eight months as investors waited to hear from Federal...
Gold prices were little-changed early Tuesday after the yellow metal settled at its highest level in eight months as investors waited to hear from Federal Reserve Chairman Jerome Powell.
A... Gold prices were little-changed early Tuesday after the yellow metal settled at its highest level in eight months as investors waited to hear from Federal Reserve Chairman Jerome Powell. A stronger dollar makes gold less affordable for buyers in other currencies, while higher yields help Treasurys and other bonds to offer more attractive returns than gold, which offers no yield.
Some remarked that gold’s recent gains have proved surprisingly durable considering the Federal Reserve’s insistence that it won’t cut its policy interest rates until next year.
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