Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory. Spot gold eased 0.2% to $2,356.92 per ounce. Prices had hit an all-time high of $2,449.89 on May 20. US gold futures rose 0.1% to $2,357.80. The dollar firmed 0.1%, making gold less attractive for other currency holders, while benchmark U.S. 10-year bond yields rose to multi-week peaks. Spot silver fell 0.4% to $31.99, platinum was down 0.7% to $1,056.06 and palladium gained 0.6% to $978.47. Source: Qatar News Agency
Related Articles
The dollar is on its way to the 4 shekel threshold for these reasons
Bethlehem Ma’an – Observers expect the dollar to cross the 4 shekel threshold, in the event of a wide-scale conflict in the region, in addition to financial fluctuations in world markets.
Amid market turmoil and security tensions in Israel, the Tel A…
Arab League: Israeli aggression is most devoid of law and humanity
Arab League confirmed on Thursday that the brutal Israeli assault on Palestine was not the first of its kind, but it was certainly the most violent, barbaric, most devoid of law, morals and humanity. The Secretary-General of the League, Ahmad Abul Gh…
Deposit Rates in Qatar
Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1M 5.44394 -0.10000 1.61000 5.37000 2Ms 5.55801 -0.35000 1.68000 5.32000 3Ms 5.67208 -0.20000 1.67000 5.51000 6Ms 5.90023 -0.10000 1.72000 5.77…
