[ad_1]
Reuters
Expressive image
Gold prices retreated today, Wednesday, after posting the biggest jump in two months in the previous session, with rising revenues from the US Treasury and the dollar, which weakened the attractiveness of the yellow metal.
Gold fell 0.2% in the spot market to $ 1,712.82 an ounce, at 5:25 a.m. GMT, after rising more than 2% on Tuesday due to lower bond yields and the dollar. from its highest levels in months.
While gold fell in futures 0.4%, to $ 1,710.70 an ounce.
“There is an element of corrective price movement in the price after the big rise in gold over the previous twenty-four hours, and gold has fallen dramatically in the face of the higher yields,” said Ilya Spivak, a “Daily Forex” expert.
US bond yields rallied on Wednesday, reducing the temptation to hold gold as the dollar rebounded.
Source: Reuters
[ad_2]
Source link
