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Gold prices rise as U.S. dollar, yields retreat

Por: CNBC Business October 17, 2022

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Gold prices gained on Monday, helped by a slight pullback in the U.S. dollar and Treasury yields, even as fears lingered about more hefty Federal Reserve rate hikes to tame soaring inflation.Spot gold was up 0.9% at $1,656.12 per ounce after declining more than 3% last week in its worst performance since July. U.S. gold futures climbed 0.8% to $1,662.Gold has benefited from USD weakness today, after the pound rebounded amid expectations that... + full article



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