Friday, 18 May 2018

Gold Settled Flat As Another Rise In U.S. Bond Yields And Concerns Over Political Risk

Gold trading range for the day is 30797-31085.

Gold settled flat as another rise in U.S. bond yields and concerns over political risk in Italy weighed.

United States 10-Year struggled to add to gains, retreating from session highs, dragging the dollar lower to trade just above breakeven against its rivals.

Recovery in prices seen data pointing to signs of rising inflation that could prompt the Federal Reserve to adopt a faster pace of monetary policy tightening.

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