You are here: Home » Reuters » News
Business Standard

Gold prices dip as dollar holds up on higher U.S. bond yields

Reuters 

By Vijaykumar Vedala(Reuters) - Gold prices inched down on Tuesday, with the dollar holding steady on higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion, while a stronger dollar makes the metal costlier for holders of other currencies. Spot gold was down 0.1 percent at $1,276.29 per ounce at 0355 GMT. U.S. gold futures for December delivery fell 0.2 percent to $1,276.30. "Gold prices continued to trade in a very tight range as investors ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 10:31 IST
RECOMMENDED FOR YOU