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Gold rate today: Yellow metal slips to lowest in two months, know price


Gold rate today: Yellow metal slips to lowest in two months, know price
While gold is seen as an inflation hedge, higher inflation expectations have pushed yields up, raising opportunity cost of holding non-yielding gold.
Photo: Reuters
Updated: Feb 17, 2021, 07:04 PM IST
Gold slipped to its lowest in over two months on Wednesday as surging US Treasury yields and a firmer dollar continued to take a toll on the metal. Spot gold was down 0.2 per cent at $1,790.90 per ounce by 1244 GMT, having hit its lowest since December 1 at $1,782.40 earlier in the day after dropping 1.3 per cent in the previous session. US gold futures fell 0.5 per cent to $1,789.70. ....

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