Gold fell today, pulled down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the U.S. consumer price data due later in the day.
Spot gold was down 0.4% at $1,829.94 per ounce. U.S. gold futures eased 0.3% to $1,830.30.
The dollar index was up 0.3%, making gold less appealing for other currency holders.
Worries of acceleration in inflation pulled down the U.S. dollar to a more than two-month low in the previous session and drove Asian shares to one-month lows earlier today.
Benchmark U.S. 10-year Treasury yields scaled a more than one-week peak, increasing the opportunity cost of holding gold.
Palladium climbed 0.3% to $2,945.02 per ounce. Silver shed 0.9% to $27.38 per ounce, while platinum fell 0.5% to $1,229.02.
25 Jun 2021 01:06 PM
GBP/USD traded slightly higher around 1.3900 levels amid a weak Dollar.
25 Jun 2021 12:02 PM
Indian equities trade flat today, as gains in financial stocks were offset by a fall in Reliance Industries, although the indexes were set to rise about 0.6% each for the week.
25 Jun 2021 11:40 AM
China's yuan strengthened slightly against the U.S dollar after a stronger fixing by PBOC, but analysts expected renewed pressure on the Chinese currency if data later shows U.S. inflation rose further.
25 Jun 2021 11:12 AM
Gold advanced today and was set for its first weekly rise in four as the U.S. currency weakened, with market participants focusing U.S. inflation data after mixed signals from Fed officials on interest rate hikes.
25 Jun 2021 10:36 AM
Check how the Indian markets started their day
25 Jun 2021 09:09 AM
The Indian rupee is expected to appreciate against the U.S. currency following a rise in Asian currencies and equities on upbeat economic outlook.