Precious Metals Preview: Gold Eases As Dollar Attempts Recovery

13 Sep 2022 , 08:31 AM

Gold is paring previous day gains in early Asia on Tuesday, tracking a slight recovery in US dollar index following a sharp slide during the past week and ahead of the crucial US inflation data. The dollar index that measures the greenback against a basket of currencies is quoting at 107.95, off its recent peaks of 110.78, a fresh two decade high. However, the US 10-year Treasury yields retreat from a three-month high, down two basis points (bps) to 3.34%. COMEX Gold is quoting down 0.45% at $1732.75 an ounce. Powered by Commodity Insights