20 Hrs
Source:
وكالة موازين نيوز
Gold falls as Treasury yields and oil rise
Gold prices declined today due to rising U.S. Treasury bond yields and oil prices. Specifically, the yields on 10-year Treasury bonds increased, raising the cost of holding non-yielding assets like gold. Additionally, higher energy prices heighten inflation concerns and lead to expectations of interest rate hikes by the U.S. Federal Reserve, which puts downward pressure on gold prices, as gold tends to rise when interest rates fall. Gold futures fell by 0.40% to approximately $4,398 per ounce. Meanwhile, oil prices also decreased despite surpassing $91 per barrel, reflecting the impact of geopolitical tensions, especially in the Middle East.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)