Gold Extends Decline Ahead Of US Inflation

10 Jun 2022 , 05:16 PM

Gold is extending bearish trend for the second day ahead of crucial US inflation data later in the global day that could signal whether the Fed will continue with its aggressive policy tightening. Gold futures for August was lower by nearly 0.6% at $1,841.75 an ounce. The benchmark U.S. 10-year Treasury yields held steady at the key 3% threshold, eroding golds appeal. The dollar index, which measures the greenback against six peers, was steady at 103.55 after a 0.7% overnight gain. Powered by Commodity Insights