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
Buyers rush to jewellery shops as gold prices dip to one-year low india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.
Dealers charged up to $5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last week s premium of $4.
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.