Gold rises over 1% as dollar, yields retreat

Gold rose over 1% on Thursday buoyed by a retreat in the dollar and U.S. bond yields, while grim U.S. jobless data clouded the outlook for an economic recovery, adding to the metal’s safe-haven appeal.

Record-Setting Money Makes Hard Assets More Attractive

Gold hasn’t been getting much love from investors lately due to rising bond yields, and bullion-backed gold mutual funds and ETFs have seen significant outflows so far this year through the end of February.

Gold rises as dollar rally takes a breather, yields ease

Gold rose on Thursday as a slight pullback in the dollar and U.S. bond yields helped bullion regain some its appeal as an inflation hedge against the backdrop of President Joe Biden’s multi-trillion-dollar infrastructure investment plan.