Gold prices fell for a fifth session in a row as rising yields and US interest rates could stay high for a longer time along with concerns about slowing economic growth on a global scale continue to drive cash flows. seek refuge in "greenbacks".
The dollar hovered near 6-month highs, while 10-year US Treasury yields hovered near 15-year highs. The strength of the dollar makes gold more expensive for foreign investors, while higher yields reduce the attractiveness of the non-yielding precious metal.
The dollar hovered near 6-month highs, while 10-year US Treasury yields hovered near 15-year highs. The strength of the dollar makes gold more expensive for foreign investors, while higher yields reduce the attractiveness of the non-yielding precious metal.
