Gold Slips As Yields Rebound From Three-week Low
WASHINGTON (dpa-AFX) - Gold prices edged lower on Wednesday as Treasury yields rose, offsetting the dollar s weakness.
Spot gold slipped 0.1 percent to $1,742.39 per ounce while U.S. gold futures were down 0.3 percent at $1,742.50.
U.S. yields moved higher after marking a fresh three-week low on data showing a tamer-than-expected increase in U.S. underlying inflation.
Overnight data showed that U.S. consumer prices rose 0.6 percent in March after rising by 0.4 percent in February. Economists had forecast an increase of 0.5 percent.
Philadelphia Fed Bank President Patrick Harker said on Tuesday that even though the economic situation is improving, recovery is still premature, and there s no cause to withdraw support yet.
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04/14/2021 08:00 AM EDT
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Bond yield retreat boosts tech shares Bitcoin hits record high, dollar weakens
TOKYO, April 14 (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly.
Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong’s Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low.
Japan bucked the trend, with the Nikkei falling 0.4% as rising coronavirus cases raised doubts about an economic reopening with 100 days to go until Tokyo is scheduled to host the Olympics.
(Bloomberg) U.S. stocks pushed higher as investors weighed earnings from companies including some of the world’s biggest banks. Treasury yields increased. The benchmark S&P 500 Index rose from Tuesday’s record closing high, with the energy and industrial sectors leading gains and the communications services industry group pacing the decliners. Goldman Sachs Group Inc. climbed after its revenue beat estimates. JPMorgan Chase & Co. dropped as the bank warned that loan demand remained tepid. Shares of Discovery Inc. fell after Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, including those of the media company. European shares got a boost from positive updates by LVMH and SAP SE. Oil rose above $61 a barrel. “We’re going to get some really strong corporate earnings numbers in this quarter most likely, and the question is is there anything in there that is going to be sustained or is this a one-time surge as we emerge f
Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks' stellar results on the first day of earnings season.