The strong dollar is weighing on precious metals, analysts said.
Gold appeared headed for a sixth straight losing session on Monday — what would be its longest losing streak since early July — as the rising dollar and higher Treasury yields continued to weigh on precious metals.
“Markets... Gold appeared headed for a sixth straight losing session on Monday — what would be its longest losing streak since early July — as the rising dollar and higher Treasury yields continued to weigh on precious metals. “Markets are now pricing the interest rates to be in the region of 3.5 – 3.75% by the end of this year. Therefore, it is not a surprise that in the last few trading days we have seen a challenging scenario for precious metals,” De Casa said.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: