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Tag: PRECIOUS-Gold

PRECIOUS-Gold steady as inflation bets counter firm U.S. dollar, yields

PRECIOUS-Gold steady as inflation bets counter firm U.S. dollar, yields

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April 5 (Reuters) - Gold costs held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden launched a $2 trillion-plus jobs draw remaining week, whereas a stronger dollar and elevated U.S. Treasury yields diminutive bullion's upside. FUNDAMENTALS Location gold turn into as soon as flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures edged up 0.1% to $1,729.50 per ounce. The U.S. financial system created basically the most jobs in seven months in March as more American citizens bought vaccinated and the manager doled out extra pandemic relief money, marking the originate of what will likely be the strongest financial efficiency this one year in just about four decades. Shorter-dated U.S. Treasury yields he...