Gold Hits Over One-Month High Amid Weaker Yields Post U.S. Data Release

Gold, the perennial safe haven in volatile financial markets, has climbed to over a one-month high due to weaker yields arising from recent US data. This surge is a testament to the precious metal’s position as a hedge against economic upheavals. Lower yields often boost the appeal of non-interest yielding gold, and in this instance, disappointing US data have driven yields down and pushed gold up. It’s crucial, however, to keep an eye on the developments in the economy and trade updates, which might affect the price patterns of the metal. Read More