If You Are Interested Call Me Text Me On What’s App : 9557016700
Gold prices firmed on Tuesday as a decline in U.S. Treasury yields offset pressure on greenback-priced bullion from sustained strength in the dollar.
Benchmark 10-year U.S. Treasury yields extended declines on Tuesday after pulling back from their highest level in 3-1/2 years in the previous session, buoying prices of zero-yield gold.
The dollar held steady near a fresh 20-year high scaled on Monday on risk-off sentiment stemming in part from concerns over the U.S. Federal Reserve’s ability to combat high inflation boosted the greenback’s safe-haven appeal.Russian President Vladimir Putin exhorted Russians to battle in a defiant Victory Day speech on Monday, but was silent about plans for any escalation in Ukraine, despite Western warnings he might use his Red Square address to order a national mobilizationWhile gold is seen as a safe store of value during times of political and economic crises, it is highly sensitive to rising short-term U.S. interest rates and bond yields, which raise the opportunity cost of holding bullion.
