Precious Metals Preview: Gold Up In Early Asia

17 Oct 2022 , 08:42 AM

Gold is trading higher on Monday, tracking slight weakness in the dollar index and treasury yields in early Asia. The bullion is up half a percent at $1649.89 an ounce but stay pressured under key levels as elevated inflation maintain bets of higher inflation keeping dollar at two decade peaks that adds pressure on the yellow metal. Rising interest rates have battered gold prices this year while the commodity has also lost safe haven appeal, despite a steadily worsening global economic outlook.Powered by Commodity Insights