LBMA Acknowledges Buying Frenzy In Silver Market And Silver Shortage Fears zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Monday, 4/12/2021 14:32
GOLD PRICES edged lower and bond prices fell on Monday, as did global stock markets, keeping longer-term interest rates firm after US Fed chief Jerome Powell unnerved investors with comments on short-term US interest rates ahead of this week s huge auctions of new Treasury debt,
writes Atsuko Whitehouse at BullionVault. Formal statements from the US central bank have repeatedly said it doesn t expect to raise overnight rates from zero until 2024 at the earliest. But asked about the recent rise in bond market rates, I think it s highly unlikely we would raise rates this year, Federal Reserve chairman Powell told
Gold prices rebounded Tuesday, outpaced by both silver and platinum as the sell-off in government bonds took a pause, edging yields back down after the surge in borrowing costs knocked over 10% off the tech-heavy Nasdaq index
The Dollar Index – a measure of the US currency s value versus its major peers on the forex market – advanced for the 4th consecutive session to its strongest so far in 2021. The yield on the benchmark 10-year US Treasury yield climbed to 1.617%, the highest since February 2020 Monday morning. Gold has despite a stronger USD and higher real yields managed to bounce from key support at $1688, said derivatives platform Saxo Bank s commodity strategist Ole Hansen. The recent rise in interest rates and the strength of the Dollar have made for a difficult environment for gold, agrees bullion-bank ICBC Standard s former Tokyo manager Bruce Ikemizu, now chief director of the
Gold Price Rallies to $1800 But Most Massive Speculation in Industrial Commodities bullionvault.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bullionvault.com Daily Mail and Mail on Sunday newspapers.