Gold Prices clamber up as yields on US bonds fall
MG News | November 20, 2018 at 12:18 PM GMT+05:00
November 20, 2018 (MLN): Gold prices clambered up by $11 at $1225 during early hours of the day, as US bond yields declined amidst risk aversion, enhancing the relative appeal of non-interest-bearing alternatives.
The principal factors steering the prices up included the ominous UK's Brexit woes, and the guarded comments from Fed chairman Powell that came off as an early warning that a change of direction might be brewing at the Fed on interest rates.
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