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MarketsConfirmedMedium
8.9

Gold prices decline 2.45% amid rising Treasury yields and oil prices

Gold futures for August delivery dropped to $4,050.20 per ounce on the Comex. The decline is attributed to upward pressure from rising U.S. Treasury yields and oil prices, which typically reduce the appeal of non-yielding assets.

InfoMoney3 days agoUSCredibility 46%View source

Score Breakdown

Mosaic Score8.9
Confidence0.9
Significance0.5
Source credibility0.5

Intelligence Tags

Locations

New York

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countrymarketmarket
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