Latest News

Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank

0

Reuters

Gold ticks up as dip in U.S. yields loosens dollar’s grip

Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low. Spot gold rose 0.3% to $1,817.12 per ounce by 1:52 p.m. ET (1752 GMT), after earlier hitting its lowest since Jan. 31 at $1,786.60. Gold’s slight bounce was attributable to a dip in Treasury yields and a small pullback in the dollar, RJO Futures senior market strategist Bob Haberkorn said, adding that the overall trend for the dollar was “still high as the Fed is being aggressive with its rate hikes”.

Dow rallies 400 points as market comeback from the year’s lows gains steam

Previous article

Michael ‘Big Short’ Burry Shorts Apple

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News