Gold edged higher on Friday but remained on track for a weekly decline of about 2.1 percent, as investors weighed persistent inflation concerns against a firmer US interest-rate outlook. Rising Treasury yields and expectations that the Federal Reserve may keep policy restrictive have reduced the metal’s appeal as a non-yielding safe haven.
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"Rate-Hike Bets Cap Gold's Rebound as Weekly Loss Looms"
Gold edged higher on Friday but remained on track for a weekly decline of about 2.1 percent, as investors weighed persistent inflation concerns against a firmer US interest-rate outlook. Rising Treasury yields and expectations that the Federal Reserve may keep policy restrictive have reduced the metal’s appeal as a non-yielding safe haven.
Rate-Hike Bets Cap Gold's Rebound as Weekly Loss Looms
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (07:06 PM IST)•4 min read
Gold edged higher on Friday but remained on track for a weekly decline of about 2.1 percent, as investors weighed persistent inflation concerns against a firmer US interest-rate outlook. Rising Treasury yields and expectations that the Federal Reserve may keep policy restrictive have reduced the metal’s appeal as a non-yielding safe haven.
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