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11:17 p
Tuesday, March 26, 2019
CAIRE –
Gold plummeted on Tuesday, after peaking a month earlier in the previous session, with a slight rise in stock markets and US Treasuries giving the value of the precious metal as a value. refuge, Reuters reported.
At 8:16 pm GMT, spot gold was down 0.3 percent to $ 1317.46 an ounce after peaking since February at $ 1324.33 in the previous session.
The gold futures in the US fell 0.4% to $ 1317.10 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 10-year US Treasury yield fell last Friday for the first time since 2007 on a three-month yield, reversing the yield curve, widely seen as an indicator of recession.
However, yields on 10-year US Treasuries rose on Tuesday, which boosted Asian equities, although expectations remain uncertain as investors weigh on the chances of the US economy slipping into recession.
Palladium recorded a 0.6% drop in its spot trade, at $ 1,566 per ounce, after reaching its lowest level in two weeks, at $ 1,532.56, during the previous session.
Silver fell 0.4% to $ 15.48, while platinum declined 0.3% to $ 852.30 an ounce.
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