Gold prices aim for a modest rebound after rising bond yields push precious metals down – MarketWatch
Gold prices aim for a modest rebound after rising bond yields push precious metals down – MarketWatch
Gold futures were aiming for a slight rebound on Thursday, a day after rising US bond yields undermined a rally in bullion that doesn’t offer coupons. However, commodities traders are betting the long-term outlook for gold is higher, with a democratically controlled Congress likely to champion higher budget spending, which is bullish for gold prices. […]
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