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18 April 2024

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Gold slips on dollar's strength, rising Treasury yields

27-02-2025 09:44 AM


Ammon News - Gold eased on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve's policy path.

Spot gold fell 0.4% at $2,905.64 an ounce as of 0426 GMT.
U.S. gold futures also lost 0.4% to $2,918.20.

The dollar index rose 0.2% against its rivals to move further from the recent 11-week lows as vague pledges from U.S. President Donald Trump to impose tariffs on Europe and further delays to levies planned for Canada and Mexico stoked uncertainty.

The S&P 500 ended little changed on Wednesday ahead of Nvidia's highly anticipated quarterly earnings, while the Dow dropped less than half a percent and the Nasdaq ticked up modestly.

Spot silver retreated 0.4% to $31.71 an ounce, platinum fell 0.4% to $961.57 and palladium shed 0.3% to $923.93. Reuters




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