Gold edged higher in early Asian trade. The precious metal’s appeal as a safe-haven asset has been supported by the escalating geopolitical tensions, said FlowCommunity.
Rebounding US bond yields offer some support to the US Dollar and might cap further gains for the XAU/USD.
The increase comes as the global gold market reacts to a weaker US dollar and rising geopolitical tensions, particularly ...
After the 10-year Treasury yield’s rise to high of 4.505% last week from a low of 3.599% in mid-September, technical conditions are overextended, UOB said.
Inflation rose sharply to 2.3% in October. Much of the increase came from the 9.5% rise in the energy price cap. Read this and the rest of today's consumer and personal finance news below.