Gold Settled Flat As The Dollar And U.S. Treasury Yields Backed Off Highs - Dollar Advisory | Best Commodity Tips Provider

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Monday 30 April 2018

Gold Settled Flat As The Dollar And U.S. Treasury Yields Backed Off Highs

Gold trading range for the day is 31054-31356.

Gold settled flat as the dollar and U.S. Treasury yields backed off highs, but the prospect of a Korean denuclearisation deal eroded bullion's safe-haven appeal.

The leaders of South and North Korea embraced after pledging to work for the "complete denuclearisation of the Korean peninsula".

Hedge funds and money managers trimmed their net long position in COMEX gold contracts in the week to April 24, U.S. CFTC data showed.

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