Gold futures on Thursday trade slightly lower, a day after the commodity marked the first back-to-back advance in about a month and the sharpest daily rise...
Gold futures on Thursday were trading slightly lower, a day after the commodity marked the first back-to-back advance in about a month and the sharpest daily rise in two weeks.
Analysts have pointed to a rising U.S. dollar and climbing Treasury yields as the most significant determinant in gold’s prices in recent trade, with bullion scoring a lift on Wednesday afterdata showed U.S. consumer price inflation moderating slightly. Economists believe the reading might make the Federal Reserve less inclined to end its accommodations soon.
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