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US Federal Reserve: Gold rises, dollar falls

19/08/2022
Categories: Economy/Forex

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On Thursday, gold prices improved while the dollar and Treasury yields fell slightly. US Federal Reserve minutes informed that policymakers could be less aggressive about future rate hikes.

After returning to a low of $1,753.97 for two weeks last session, gold is up 0.3% at $1,765.89 an ounce, at 0055 GMT. Spot gold was up 0.3% at $1,765.89 per ounce at 0055 GMT, after falling to a two-week low of $1,753.97 in the previous session. There are over 0.2% at $1,780 per ounce of American gold futures. The dollar, for its part, fell by 1.1% against its rivals. This makes gold cheaper for buyers who hold other currencies. Also, there is a drop to 2.8822% on US Treasury benchmark returns 10 years after reaching nearly a month of 2.9190% last session.

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