Business Standard

Thursday, December 26, 2024 | 06:43 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Gold prices rise for 6th straight day amid easing US bond yields

Spot gold rose 0.32 per cent to $1,801.55 per ounce by 9.10 pm IST, after hitting its highest since June 17 at $1,814.78 on Tuesday

Gold
Premium

“Unquestionably, the key driver (for gold) is the decline in US Treasury yields," independent analyst Ross Norman said

Reuters
Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in US Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance.

Spot gold rose 0.32 per cent to $1,801.55 per ounce by 9.10 pm IST, after hitting its highest since June 17 at $1,814.78 on Tuesday. 

“Unquestionably, the key driver (for gold) is the decline in US Treasury yields," independent analyst Ross Norman said.

But the recovery in gold prices has been slow and somewhat lacklustre considering the 7 per cent

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in