Name: Gold prices slump as U.S. dollar and yields rise, but metal nurses meager weekly gain
Brand: marketwatch.com
SKU: marketwatch-com-171
Availability: OnlineOnly

critic

Gold prices slump as U.S. dollar and yields rise, but metal nurses meager weekly gain

preview

Futures for gold on Friday headed lower, but the precious metal was holding on to a slight weekly gain, as investors sold bullion at the end of the week amid a rise in U.S. government bond yields and a firming of the dollar. “Yes, yields have risen along with the dollar, which is not great news for the buck-denominated metal,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, in a research note.That said, Razaqzada speculates that signs of a long haul in the economic recovery from the COVID-19 pandemic, highlighted by for joblessness in America, and the Federal Reserve’s, are factors that should limit the decline for gold, if not eventually help it to overcome its near-term softness. “Therefore, I think bond yields will likely struggle to rise further than they already have, and the US dollar could remain under pressure. As a result, buck-denominated&nbsp;gold&nbsp;could be about to pop back higher,” he wrote. The buck, as gauged by the ICE U.S. Dollar Index, was up 0.1% but down 0.5% so far this week, while the yield for the 10-year Treasury note was at around 1.18% Friday, holding around its highest level since March. Against that backdrop. Gold for&nbsp;April delivery&nbsp;was trading off $13,80, or 0.7%, at $1,813 an ounce, following a 0.9% slide in the prior session. On Wednesday, prices notched their highest settlement since Feb. 1, FactSet data show. Meanwhile, March silverwas picking up 4 cents, or 0.2%, to trade around $27.10 an ounce, following a 0.1% slide on Thursday. For the week, gold is maintaining a gain of less than 0.1%, while silver is headed for a weekly advance of about 0.3%, according to FactSet data based on the most-active contract.The one factor that has allowed the Reddit WallStreetBets crowd to thrive.

Futures for gold on Friday headed lower, but the precious metal was holding on to a slight weekly gain, as investors sold bullion at the end of the week amid a rise in U.S. government bond yields and a firming of the dollar. “Yes, yields have risen along with the dollar, which is not great news for the buck-denominated metal,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, in a research note.That said, Razaqzada speculates that signs of a long haul in the economic recovery from the COVID-19 pandemic, highlighted by for joblessness in America, and the Federal Reserve’s, are factors...

public

Mark DeCambre

MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp. Notable contributors include Mark Hulbert and Francine McKenna.

marketwatch.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Gold prices slump as U.S. dollar and yields rise, but metal nurses meager weekly gain

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS