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Gold is trying to recover from a three-week low
Gold prices rose during the Asian session on Tuesday, after hitting a three-week low in light of the increasing sales of precious metal in recent days.
The yield on US government bonds has soared since the beginning of the week and hit its highest level since January 2014, helping to pull trades from the gold and commodity markets to bond markets that offer a return, unlike investing in gold.
The near-3% bond yield also caused the greenback to rally against major currencies and hit its highest level in two months, causing negative pressure on gold levels.
As for Asian stocks, it rose during trading today, which has worked to limit the recovery of gold prices, which is a safe and alternative investment for stock markets, which is witnessing an increase in risk appetite by investors.
Gold prices traded at $ 1326.85 an ounce after hitting a low of $ 1322.02 an ounce and opened today's session at $ 1324.49 an ounce, reaching a high of $ 1328.08 an ounce.
http://economy-news.net/content.php?id=12058
Gold prices rose during the Asian session on Tuesday, after hitting a three-week low in light of the increasing sales of precious metal in recent days.
The yield on US government bonds has soared since the beginning of the week and hit its highest level since January 2014, helping to pull trades from the gold and commodity markets to bond markets that offer a return, unlike investing in gold.
The near-3% bond yield also caused the greenback to rally against major currencies and hit its highest level in two months, causing negative pressure on gold levels.
As for Asian stocks, it rose during trading today, which has worked to limit the recovery of gold prices, which is a safe and alternative investment for stock markets, which is witnessing an increase in risk appetite by investors.
Gold prices traded at $ 1326.85 an ounce after hitting a low of $ 1322.02 an ounce and opened today's session at $ 1324.49 an ounce, reaching a high of $ 1328.08 an ounce.
http://economy-news.net/content.php?id=12058
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