Gold Jumps To Three-Week High

4 Oct 2022 , 03:36 PM

Gold climbs to a three week high and re-captures $1700 levels on Tuesday, tracking weakness in the dollar index amid retreating Treasury bond yields. The dollar index that measures the greenback against a basket of currencies is off its recent peak of 114 levels and is currently quoting lower by nearly half a percent at 111.20 tracking 10-year Treasury yields that backed away from a near 12-year high and trading near 3.6%. COMEX gold is currently quoting higher by close to 1% at $1718.10 an ounce. With an increase of Rs 320 or 0.63 per cent, December gold futures stood at Rs 51,480 per 10 grams on the MCX.Powered by Commodity Insights