Wednesday, 4/28/2021 14:09 GOLD PRICES slipped to 1-week lows in London trade Wednesday as global stock markets rose to fresh records, crypto-currencies rallied, and longer-term interest rates pushed higher ahead of today's policy statement and forecasts from the US Federal Reserve.
Silver prices also fell to 1-week lows before rallying 15 cents to $26.00 per ounce, unchanged from last Friday's finish.
With pundits and traders awaiting Fed chair Jerome Powell's press conference for any hint of tighter monetary policy to come, 10-year US Treasury yields rose to 1.63% per annum, the highest borrowing cost in 2 weeks and extending yesterday's 5-basis point jump.
The steepest daily rise so far this month, that move came as the US government raised another $62 billion in new debt with an auction of 7-year bonds.