PT Solid Gold Berjangka | Gold Flat as Treasury Yields Rise to Multiyear Highs

01:31 27 September in Commodity, Gold, SOLID GOLD BERJANGKA | SOLID GROUP

Gold prices are flat in early Asian trade as U.S. Treasury yields surge to multiyear highs amid a recent bond selloff.

Investors are adjusting to the expectation that the Federal Reserve is unlikely to ease policy next year, ANZ analysts say in a research note. Meanwhile, renewed strength in the U.S. dollar is another headwind, reducing the appeal of the precious metal, ANZ adds.

Investors are awaiting the U.S. PCE index, the Fed’s preferred inflation gauge, due later this week, to gauge the Fed’s next moves. Spot gold is little changed at $1,900.04/oz.

Source : Dow Jones