Sydney — Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors balked at the ballooning cost of the coronavirus pandemic.
Investors are counting on even more spending in the US, with White House negotiators vowing to work “around the clock” to reach a deal by the end of the week. The US has reported more than 4.7-million coronavirus cases and more than 157,000 deaths, the highest globally. More central bank support is also dragging US treasury yields lower, led by the long-end of the curve, and helping “fire-up gold’s glitter”, they said.The dollar was under pressure with the safe-haven Japanese yen rising to ¥105.66 as the bond market’s dim view of the US recovery sent real yields further into negative territory and nominal yields near record lows.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
MICHEL PIREU: Here is why gold stocks trump ingots in investingHistory supports Alan Greenspan’s comments over metal as a refuge against a loss of confidence in governments and paper money
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
MARKET WRAP: Miners give JSE a lift as gold tests $2,000/ozRoyal Bafokeng Platinum performed best on the day, rising the most in three weeks
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »