Gold prices rose for a second day mid-afternoon on Tuesday as treasury yields ease and international tensions run high after the Biden Administration permitted Ukraine to attack targets within Russia with U.S.-supplied missiles.
Gold for December delivery was last seen up US$16.30 to US$2,360.90 per ounce.
Following months of pressure, the Biden Administration over the weekend said Ukraine can make limited missile attacks on targets within Russia, which Moscow said will mean it is now at war with NATO.
Gold's gain "were supported by a softer dollar and worsening US-Russia relations after the US approved Ukraine's use of long-range missiles against Russia", Saxo Bank noted.
The dollar at last look was little changed with the ICE dollar index up 0.05 points to 106.33.
Treasury yields fell, with the U.S. two-year note last seen down 1.5 basis points to 4.274%, while the 10-year note is down 4.3 points at 4.378%.
Source : MT Newswires
Gold held a fifth weekly advance, boosted by the Federal Reserve's first rate cut of the year, with investors looking to a key inflation print due Friday for more clues about the US central bank'...
Gold prices rallied on Friday (September 20th) and headed for a fifth straight weekly gain, with market attention focused on further cues after the US Federal Reserve's first interest rate cut of the ...
Gold prices (XAU/USD) edged higher on Friday, halting a two-day decline, trading around $3,663 in the US session. This move followed a wild midweek reaction to the Fed's interest rate decision. On We...
Gold prices edged higher on Friday, poised for a fifth consecutive weekly gain, following the U.S. Federal Reserve's first rate cut of the year, while investors awaited further signals on the U.S. pol...
Gold edges lower in the early Asian session amid a cautious mood. The market still sees a high probability of another 25bps rate cut by the Fed in October, but the central bank's guidance leaned sligh...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks last week. "The delegation plans to take forward the discussions with a view to achieving early...
Gold prices edged up to around $3,690 per ounce on Monday (September 22), nearing a record high, as investors awaited US inflation data and Federal Reserve officials' speeches for further policy guidance. After the Fed announced its first interest...
The dollar was steady on Monday as traders looked ahead to a slew of speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook, after the central bank resumed its easing cycle last...
US stocks closed at new highs on Friday (September 19), continuing their record-breaking rally from the previous session as investors digested...
European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere,...
US equities were higher on Friday, extending momentum after the three major benchmarks notched fresh record closes in the previous session. For the...
The STOXX 50 and STOXX 600 hovered near the flatline on Friday as investors digested a week filled with monetary policy decisions. The Bank of Japan...