OTHER GROUP COMPANIES

Precious Metals Preview: Gold Subdued As Dollar Stays Bullish

Precious Metals Preview: Gold Subdued As Dollar Stays Bullish

September 23, 2022 9:05 IST | capital market
Gold prices stayed subdued in early Asia on Friday as a hawkish signal from the Federal Reserve sent benchmark treasury bond yields and dollar soaring. The US Federal Reserve went ahead with third straight 75 basis point rate hike. US 10 year treasury yields spurted above 3.7% while the dollar index that measures the greenback against a basket of currencies were hovering near recent peaks at 111.07, reducing appeal for the yellow metal. COMEX gold was down 0.15% at $1678.60 an ounce. Powered by Commodity Insights

Invest wise with Expert advice

FEATURED ARTICLE

BLOGS

Open Demat Account

Invest wise with Expert advice

By continuing, I accept the Terms & Conditions and agree to receive updates on Whatsapp