Gold Prices React to Renewed Concerns Over the Ongoing Pandemic
- FinancialBuzz.com News Commentary
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NEW YORK, April 22, 2021 /PRNewswire/ The gold market continued to climb back towards the USD 1,800 an ounce mark on Wednesday, as precious metals benefited from a weaker U.S. dollar and lower bond yields. In part, renewed concerns about the virus helped prevent a rise in long-term bond yields with the 10-year Treasury note yield remaining at around 1.56%. Subdued government debt yields can boost appetite for precious metals which don t offer a coupon. A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge, Lukman Otunuga, Senior Research Analyst at FXTM, told MarketWatch. With concerns likely to rise over how this may impact the world s economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return. Exploits Discovery Corp. (CSE: NFLD) (OTC:�
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