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Gold Holds Near Lowest Level This Year as Yields Rise


Thursday, 17 May 2018 09:15 WIB

GOLDEMASBullionSILVERYIELDS TREASURY


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Gold holds near lowest level this year as 10-year Treasury yields edge up to 3.1% after solid American economic data, damping demand for non-interest bearing precious metals.

Bullion for immediate delivery flat at $1,290.69/oz at 8:38 am in Singapore. Metal dropped to $1,286.46 Wednesday, lowest level since Dec. 27

Bloomberg Dollar Spot Index -0.1% to retreat from highest level this year. Yield on 10-year Treasuries steady at about 3.1%, highest since 2011

Other precious metals : Silver little changed at $16.3699/oz, Platinum steady at $892.38/oz, Palladium little changed at $987.92/oz.

Source : Bloomberg


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