Gold sees flat action

Published on Aug 10, 2022 12:52

Gold prices are seen near flat line on Wednesday, supported by lower treasury yields and muted dollar overseas. The US 10-year note is lingering near 2.7%, far below their 52-week range high of 3.497% printed in mid-June 2022 while dollar index is down marginally at 106.17. All eyes are now focused on upcoming US inflation data that will provide further cues on Fed`s further course of action. COMEX Gold is currently quoting lower by 0.24% at $1807.95 per ounce.