Gold and silver prices today: Yellow metal hovers around one-month lows as bond yields and dollar index rise
Weak China trade data, downgrade of some US banks dampen gold demand
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Weak China trade data, downgrade of some US banks dampen gold demand
Analysts say the current price is ideal for investment in gold and silver as the festival and marriage season demand is expected to pick up soon
Analysts say the increase in oil prices after major producing countries extended supply cuts was aiding gold, but the downgrade of China was putting pressure on the metal
Experts say they expect short covering after Thursday's correction
For the yellow metal, Fitch's rating downgrade of the US is a positive, but robust economic data there has heightened fears of further rate hikes