Gold snapped a six-session losing streak while Wall Street was little changed on hopes the Fed will turn dovish
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
Western markets fear recession and domestic business is uncertain ahead of festival season later this year
Yellen touted her "friend-shoring" concept as a way to reduce the vulnerabilities of a supply system badly strained over the past two years
Yellen, speaking at a meeting of G20 finance officials in Indonesia, said countries should target fiscal support measures to help those most in need
Fed Governor Christopher Waller and St. Louis Fed President James Bullard said on Thursday they would support another 75-basis-point rate increase, but forecast a downshift to a slower pace afterward
Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%
Gold is currently ranging above $1,800 backed by Treasury yields and the spike in US dollar strength
US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.
Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20
Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn
US Treasury bonds have stormed world markets until recently. They have now eased up a bit with other commodities finding ground. Bear market meanwhile is still prowling
Market reports suggest that gold has moved inversely to the US Dollar while Treasury yield have risen to a its peak since May 9th
The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher
According to the report, India (with $569.9 billion) has the fourth largest foreign exchange after China ($3.2 trillion), Japan ($1.2 trillion) and Switzerland ($1 trillion)
Chip stocks tumble after Citi sounds alarm on Intel; the energy sector was among the few gainers with a rise of 0.8%, thanks to a jump in Brent crude prices to above $123 a barrel
Spot gold fell 0.1% to $1,850.10 per ounce by 1012 GMT, while U.S. gold futures were flat at $1,851.90
US Treasury Secy said she saw bulk of inflation being caused by supply and demand mismatches, including excessive demand for goods over services during the pandemic and severe supply chain disruptions
Gold prices on the rise as treasury bond yields have weakened US dollar's strength.