GOLD DROPS 2% AS RISING TREASURY YIELDS DAMPEN DEMAND
9 Articles
9 Articles
In the spot market, gold fell 2.4% to $4,342.2 per ounce, having touched a two-week intraday low of $4,362.89.
Sell-off of more than 2% against the backdrop of a strong dollar and high interest rates.
Gold drops over 1% as Treasury yields rise; investors eye US jobs data
Sept 1 (Reuters) - Gold fell more than 1% on Tuesday, pressured by elevated U.S. Treasury yields, while markets awaited key U.S. labour market data for fresh signals on the Federal Reserve's monetary policy outlook.Spot gold was down 1.8% at $4,369.24 per ounce by 1003 GMT, its lowest level since August 19. U.S. gold futures fell 1.4% to $4,418.00.Get the latest news from India and how it matters to the world with the Reuters India File newsl…
Qatar News: Gold is retreating by more than 1% as US Treasury bonds rise.
GOLD DROPS 2% AS RISING TREASURY YIELDS DAMPEN DEMAND
Tue 01 September 2026: Gold prices dropped by about 2% on Tuesday as rising US Treasury yields made interest-free assets such as gold less attractive to investors. Spot gold fell to around $4,357 an ounce by 12:40 GMT, its lowest level since August 19. The decline extended earlier losses after the precious metal slipped below […]
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