Gold steadies as higher yields offset soft dollar
Khaleej Times|January 07, 2025
Gold prices held steady on Monday as rising US Treasury yields countered support from a weak US dollar, while the Federal Reserve's recent hint at a slower pace of rate cuts in 2025 kept investors keenly awaiting a slew of economic data due this week to shed more light on that view.

Spot gold was little changed at $2,639.90 per ounce by 11:50 a.m. ET (1650 GMT). US gold futures were down 0.1 per cent at $2,651.30.

"Bond yields are back up again, placing pressure on gold," said Nitesh Shah, commodity strategist at WisdomTree.

However, "reports of Trump aides exploring tariff plans that are not as aggressive as initially thought have helped the US dollar basket depreciate by close to one per cent," Shah said.

この記事は Khaleej Times の January 07, 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Khaleej Times の January 07, 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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