Gold prices fall as inventory rises



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At 8:16 GMT, the spot gold price was down 0.3% to 1317.46 dollars an ounce, after peaking since February 28th at 1324.33 dollars during the previous session.

And the contracts fell D & # 39; gold Amiri futures rose 0.4% to 1317.10 dollars an ounce.

John Sharma, economist at the National Bank of Australia, said: "Despite growing fears, we are not quite sure that a recession will occur because the inversion of the curve yields should continue for a quarter of the year rather than in a day or two.

The yield on 10-year US Treasuries fell Friday on a three-month yield for the first time since 2007, reversing the yield curve, widely seen as a recession indicator.

But yields on 10-year US Treasuries have risen today, boosting Asian equities, although expectations remain uncertain as investors weigh on the chances of the US economy slipping into recession. "Reuters".

And fell Palladium 0.6% of cash transactions, at $ 1,566 per ounce, after reaching a minimum of $ 1,532.56 in two weeks in the previous session.

And fell Money 0.4% to $ 15.48, while platinum declined 0.3% to $ 852.30 an ounce.

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At 8:16 GMT, the spot gold price was down 0.3% to 1317.46 dollars an ounce, after peaking since February 28th at 1324.33 dollars during the previous session.

And the contracts fell D & # 39; gold Amiri futures rose 0.4% to 1317.10 dollars an ounce.

"Despite growing concerns, we are not quite sure that a recession will occur because the inversion of the yield curve should continue for a quarter of the year rather than in a year. day or two, "said John Sharma, an economist at the National Australia Bank.

The yield on 10-year US Treasuries fell Friday on a three-month yield for the first time since 2007, reversing the yield curve, widely seen as a recession indicator.

But yields on 10-year Treasury bills have risen today, leading to a rise in Asian equities, although expectations remain uncertain as investors weigh on the chances of the US economy slipping into recession .

Palladium lost 1.6% of its spot trade, to $ 1,566 an ounce, after reaching its lowest level in two weeks, to $ 1,532.56, in the previous session.

Silver dropped 0.4% to $ 15.48, while platinum declined 0.3% to $ 852.30 an ounce.

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