Gold Sees Good Gains In Asia

Published on Jan 13, 2021 12:08

Gold slipped in the US trades as profit selling returned. COMEX Gold managed to rise steadily earlier, recovering from a near three week low as currency market volatility returned to support the metal. COMEX Gold failed to sustain higher though as traders eyed US interest rates amid rising yields. Rising rates could keep Gold under check over coming quarters. The US 10 year benchmark treasury yield help near one year high of 1.15%. This pulled Gold lower by around 1% in intraday moves. However, yet again good buying emerged in dips and the metal currently trades at $1959 per ounce, up 0.82% on the day.