Gold Holds Around $1830 Mark, WHO To Decide Whether To Declare Monkeypox Global Health Emergency

23 Jun 2022 , 03:30 PM

Gold saw muted trades and lingered around $1830 per ounce mark as firm US dollar capped upmove in the metal. However, overall sentiment was supported for the metal on Ukraine- Russia war worries and uncertainty over the Monkeypox virus. The WHO is holding an emergency meeting on June 23 to determine whether to classify the global monkeypox outbreak as a public health emergency of international concern.This is keeping the safe haven buying supported for the commodity at the lower end. Gold is also eying falling US treasury yields. The yield on the benchmark U.S. 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. Powered by Commodity Insights