Pound edges lower as US Treasuries jump - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
LONDON, Aug 17 ― The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed today. The Office for National Statistics said 28.9 million people were now on.
Gold treading water, oil rally continues
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Gold caught between rising yields and weaker USD
The yellow metal is treading water as investors weigh up rising treasury yields against a weaker US dollar and risk-off sentiment in the equities market. Gold is consolidating losses from yesterday, when a rebound in Treasury yields triggered a correction in the precious metal. Further efforts by the Biden administration to progress the USD2.5 trillion infrastructure stimulus plan lifted yields. Higher yields are likely to remain a weight on gold. With a light US economic calendar, investors will be looking towards updates on Biden’s infrastructure plan and sentiment surrounding earnings, which are starting to ramp up for fresh impetus.