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Gold set for third straight weekly gain as US yields, dollar pull back SECTIONS Last Updated: Apr 23, 2021, 07:53 AM IST Share Synopsis U.S. President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion. iStock Related Gold gained on Friday and was poised for a third straight weekly rise as a softer U.S. dollar, falling Treasury yields and a dip in equities after U.S. President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion. FUNDAMENTALS Spot gold was up 0.2% at $1,787.11 per ounce by 0135 GMT, after hitti...

Gold edges higher on new Covid-19 strain, inflation woes SECTIONS Last Updated: Apr 01, 2021, 08:14 AM IST Share Synopsis Stimulus measures increase the chances of higher inflation and gold is often considered as a hedge against it. Spot gold was up 0.2% at $1,710.28 per ounce. Related FUNDAMENTALS Spot gold was up 0.2% at $1,710.28 per ounce by 0156 GM, though it was set for its second straight weekly fall. U.S. gold futures fell 0.3% to $1,709.80 per ounce. U.S. President Joe Biden on Wednesday called for a sweeping use of government power to reshape the world's largest economy and counter ...

HANOI — Copper prices in Shanghai slipped on Monday, having notched their best monthly gain in nearly 12 years, as top consumer China posted…

since end-November, as recent strength in U.S. Treasury yields dented the non-yielding metal’s appeal. FUNDAMENTALS GMT, having touched its lowest since Nov. 30 at $1,765.35 earlier in the session. Prices have declined 3% so far this week. * Benchmark U.S. Treasury yields edged higher, having hit a near one-year peak earlier in the week. Higher yields increase the opportunity cost of holding bullion, which pays no interest. * The dollar was also set to mark a weekly gain, making gold expensive for holders of other currencies. * U.S. jobless claims unexpectedly increased last week, rais...

HANOI — Copper prices edged lower on Monday pressured by demand worries after data showed easing manufacturing activity in top consumer China.