Gold Pulls Back After Two-Month High As Oil, Hawkish Fed Outlook Weigh

Gold Pulls Back After Two-month High As Oil, Hawkish Fed Outlook Weigh

Gold fell on Thursday, as investors booked profits after prices climbed to a more-than-two-month peak following a surprise U.S. Treasury liquidity-support announcement for long-duration bonds that weakened the dollar and pushed Treasury yields lower. Chalinee Thirasupa | Bloomberg | Getty Images Gold ⁠prices retreated on Thursday after gaining more than 4% in the previous session, as a surprise ​U.S. Treasury liquidity move ​pushed bond yields …

Gold rate today: Gold price retraces from 2-month high. Is it the right time to buy gold?

Kaynat Chainwala, AVP - Commodity Research, Kotak Securities, believes that spot gold's retreat below $4,500 an ounce looks like consolidation rather than a reversal of the broader bullish trend.

Gold retreats after scaling over 2-month peak

Gold fell on Thursday, as investors booked profits after prices climbed to a more-than-two-month ‌peak.Spot gold slipped 0.6 percent to $4,495.69 per ounce by 03:31 GMT. Earlier, it was at $4,525.79, its highest since 2nd June, after a more than 4 percent advance on Wednesday.US gold futures rose 0.2 percent to $4,553.30.Among other metals, spot silver gained 0.2 percent to $67.07 per ounce, platinum dropped 1.3 percent to $1,802.29, and palladi…

Gold retreats after scaling over 2-month peak on US Treasury move

Gold prices retreat after hitting a two-month high, as investors take profits amid US Treasury liquidity support announcements.

Gold retreats after scaling over 2-month peak - JIJI PRESSGold retreats after scaling over 2-month peak

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