Gold Prices Turned Lower As U.S. Treasury Bond Yields Rose - Dollar Advisory | Best Commodity Tips Provider

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Monday 13 November 2017

Gold Prices Turned Lower As U.S. Treasury Bond Yields Rose

Gold trading range for the day is 29321-29781.

Gold prices turned lower as U.S. Treasury bond yields rose, but losses were limited by weaker stock markets and the dollar, which fell due to uncertainty over U.S. tax reform.

Uncertainty over the tax plans also hit U.S. stock markets and helped end the longest run of global share price gains since 2003.

Gold demand slid to its lowest in eight years in the last quarter as jewellery buying fell and inflows into bullion-backed exchange traded funds dried up.

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