Gold climbs over 1 percent on weaker dollar and yields
Gold prices rose more than 1 percent on a softer dollar and falling US Treasury yields. Investors now await upcoming US inflation data and retail sales figures for Fed policy clues.
Xurve View
Insights:
Xurve View
Gold climbed 1.3% to $4,156.58 per ounce on Thursday morning as the dollar and Treasury yields retreated. The recovery comes ahead of fresh United States inflation data that could determine the near-term policy path for the Federal Reserve. Falling real yields and resilient physical demand supported bullion, though market participants remain cautious following recent price volatility.
