Gold futures move higher as dollar, stocks and yields retreat

Gold futures move higher as dollar, stocks and yields retreat
Gold futures moved higher on Wednesday, finding support from weakness in the U.S. dollar and a retreat in Treasury yields as global stocks slip, amid rising geopolitical tensions.

Prices for the yellow metal touched a high at $1,800 in Wednesday dealings, but has held ground below that key level since.

“Gold prices are struggling to stay above the 1,800-price mark, an important price point that boosts the confidence among gold bulls,” said Naeem Aslam, chief market analyst at AvaTrade, in a market update.

Exclusives

Element 29 Resources boasts two flagship projects with enormous porphyry copper potential, in a market where copper demand is seen doubling with record supply deficits leading to higher copper prices.


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