Gold prices continued its winning streak for the fifth day

Published on Aug 02, 2022 12:52

Gold prices continued its winning streak for the fifth day in a row on the back of sustained dollar weakness. The dollar index that measures the greenback against a basket of currencies was lower by 0.23% at 105.12 tracking sharp decline in US treasury yields that is lingering near the 2.5% mark. Deteriorating economic conditions across the globe are seen boosting demand for the yellow metal. COMEX gold futures are higher by 0.14% at 1790.25 an ounce.