U.S. markets open in 2 hours 26 minutes
  • S&P Futures

    4,135.25
    +2.50 (+0.06%)
     
  • Dow Futures

    33,549.00
    -21.00 (-0.06%)
     
  • Nasdaq Futures

    13,999.75
    +24.00 (+0.17%)
     
  • Russell 2000 Futures

    2,225.50
    +0.60 (+0.03%)
     
  • Crude Oil

    61.20
    +1.02 (+1.69%)
     
  • Gold

    1,742.40
    -5.20 (-0.30%)
     
  • Silver

    25.38
    -0.05 (-0.20%)
     
  • EUR/USD

    1.1956
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    1.6230
    0.0000 (0.00%)
     
  • Vix

    16.71
    -0.20 (-1.18%)
     
  • GBP/USD

    1.3757
    +0.0005 (+0.04%)
     
  • USD/JPY

    108.9170
    -0.1310 (-0.12%)
     
  • BTC-USD

    64,474.34
    +1,471.69 (+2.34%)
     
  • CMC Crypto 200

    1,386.99
    +93.00 (+7.19%)
     
  • FTSE 100

    6,905.78
    +15.29 (+0.22%)
     
  • Nikkei 225

    29,620.99
    -130.61 (-0.44%)
     

Gold Down Alongside Falling U.S. Treasury Yields

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

By Gina Lee

Investing.com – Gold inched down on Wednesday morning in Asia, with U.S. Treasury yields continued their fall and put pressure on the yellow metal.

Gold futures inched down 0.03% at $1,733.05 by 11:42 PM ET (4:42 AM GMT), after dropping to $1,706.70, the lowest level since June 2020, on Tuesday. The dollar, which usually moves inversely to gold, inched up on Wednesday.

Benchmark U.S. Treasury yields dropped for a fourth consecutive day after jumping to a one-year high during the previous week, but still near 1.4% levels.

Markets stabilized after investors reacted to the jump with a sharp selloff, but signs of U.S. economic recovery from COVID-19 could lead to another slide in bond and derivative prices.

On the central bank front, officials from the U.S. Federal Reserve, facing a potential bout of inflation this spring thanks to COVID-19 vaccine rollouts and government spending, said on Tuesday said they will nevertheless keep their ultra-easy monetary plans in place. The Fed will also release its Beige Book later in the day.

Investors are also tracking the progress of a $1.9 trillion U.S. stimulus package. Proposed by President Joe Biden earlier in the year, the bill was passed by the House of Representatives during the previous week and is due to be debated by the Senate within the week.

In other precious metals, silver dipped 0.3% and platinum shed 0.3%, while palladium climbed 0.6%.

Related Articles

Oil rises on demand hopes after days of sell-off

Oil Up as Investors Await Thursday’s OPEC+ Production Decision

U.S. Commerce sets anti-dumping duties on aluminum sheet from 18 countries