Gold prices fell more than 1% to their lowest in 3-1/2 months on Monday as elevated bond yields and a firmer U.S. dollar dampened bullion demand, even as riskier assets dropped after grim China economic data.
A stronger dollar makes gold expensive for overseas buyers, while higher Treasury yields raise the opportunity cost of holding zero-yield bullion.
Gold prices are down over 13% since scaling a near-record peak of $2,069.89 an ounce in March as the U.S. dollar and Treasury yields were bolstered by aggressive rate hike bets. The U.S. dollar consolidated gains near a two-decade peak while equities, oil prices and riskier currencies took a hit after an unexpectedly weak economic data from China highlighted fears about a slowdown in growth.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Manor senior Che Nwabuko wins gold in 100M & 200M dash | KVUEThe Manor senior set a new school record, winning gold in the 5A 100-meter dash with a time of 10.17.KVUE is Austin's ABC affiliate station and has been deli...
Leer más »
City of Gold: The Continued Quest for El DoradoGold and glory were out there for the taking ... or were they? Scraps of truth may have helped fuel the legend of the fabled city. Read more about the legend of El Dorado by clicking the link below.
Leer más »
New monument to Gold Star families being built in South JordanSaturday was a first for the city of South Jordan and a third for the state of Utah: the groundbreaking for a new Gold Star Families Memorial Monument.
Leer más »
Gold, Chart of the Week: Bulls are moving in, but weekly levels are eyedThe price of gold deteriorated last week into the weekly support as forecasted in the pre-open analysis as follows: Gold weekly charts Prior analysis
Leer más »
Kinsey Loan takes title at the Gold Nugget, Alaska’s all-women’s triathlonKinsey Loan took the title today at the Gold Nugget, Alaska’s all-women’s triathlon. Nearly 1,300 women and girls competed.
Leer más »
Prince George Only Recently Learned His Destiny as Future KingCan you imagine having your whole life planned for you at age eight?
Leer más »