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gold rate today: Gold stabilises near $1,900 level ahead of Jackson Hole meet

Swiss gold exports fell 2% in July from June, as lower deliveries to China and India failed to compensate for a sharp growth in supplies to Turkey, Swiss customs data showed on Tuesday. ....

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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:48:00

Interest rates has affected things quite a lot then. it is due of course to bond yields having gone up quite significantly over the last number of months as well. let s remember the u.s. economy is still in positive territory at this point. that positive territory means consumers and investors aren t necessarily interested in treasury bond yields. so in order to entice more consumers, you have to raise the yield. how do you raise that? well, the bond price goes a little bit lower, the yield goes higher, and that s why you re seeing those bonds reach those levels. investors also looking out for higher yields just because, for example, they are looking at inflation persisting at these levels. just very quickly as a quick example, if you were to take out a 30-year mortgage bond with a 20% down payment at the average interest rate level you re seeing right now you d pay $2,300 per month. pricey. i feel bad for all those people trying to buy their first ....

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