iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

COMEX Gold Holds Near $1860 Levels

10 May 2022 , 04:59 PM

Gold is seen holding near the three-month lows touched last week below $1860 levels after gaining some traction early in the day from easing bond yields and dollar off its peaks. COMEX Gold rose to $1864.65 per ounce before easing back. Dollar stabilized after earlier falling back from a two-decade high. The Dollar Index, which tracks the greenback against a basket of six other currencies, was at 103.68, having risen as high as 104.19 overnight, a fresh 20-year peak. Meanwhile, the benchmark US treasury yields eased on Tuesday, after hitting a high of 3.2%, its highest level since 2018. The 10-year bond yield is at 3% ahead of Wednesdays US Consumer Price Index (CPI) data for April. However, concerns about softening global growth and a possible recession is keeping safe-haven gold supported. Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.