Will gold remain under pressure this week? - The Hindu BusinessLine
Will gold remain under pressure this week? Akhil Nallamuthu BL Research Bureau | Updated on February 06, 2021 × Silver does not appear as weak as gold; major trend remains bullish towards ₹80,000 in a year Developments over the last week were not encouraging for bullion as both gold and silver saw sizeable drops from their intraweek highs. The fall was largely down to rising yields on government securities. Soaring yields may not augur well because government bonds offer interest component in addition to safety, providing a better deal for safety-seeking investors. The 10- year US treasur...
Source: thehindubusinessline.com