Gold Climbs 1.5% as Weaker Dollar and Falling Bond Yields Boost Demand
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Gold rose 1.5% to $4,218.15 per ounce as the dollar weakened and US bond yields fell. However, potential interest rate increases could undermine demand for gold, which pays no interest.
Gold rose 1.5% to $4,218.15 per ounce as the dollar weakened and US bond yields fell. However, potential interest rate increases could undermine demand for gold, which pays no interest.
Vocabulary
undermine▾
कमजोर करना / weaken
- False rumours can undermine trust.
- Constant criticism can undermine confidence.
- Rising costs can undermine profits.
- Poor planning can undermine our efforts.
#Gold prices#US dollar#Treasury yields#Federal Reserve#interest rates
Source:Investing.com
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