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  • Writer's pictureanalysiswatch

Gold up over falling Dollar, U.S. treasury Yields

Gold used to be up on Thursday morning in Asia, sticking round an 8 week excessive due to weaker greenback and falling U.S. Treasury yields.

  • Gold futures increased up 0.04% to 1793.80$.

  • The benchmark U.S. 10-year Treasury yield remained under 1.6% and the greenback decreased on Thursday.

  • To expand at it fastest annual rate in serval years the U.S Lawmakers have sent a package seeking billions to finance technological research.

  • The economy is widely expected to grow despite the recent rise in COVID-19 cases may force that pace to slow.

However, the decision of the European central bank later that day as well as the Federal Reserve of the United States decision are two points that traders are waiting for.

Following the Bank of Canada's announcement that it would begin charging interest fees in late 2022 after slowing the pace of bond purchases, investors will be paying close attention to these options. Meanwhile, it has been the first central bank in the Group of Seven to move closer to removing extraordinary stimulus measures.

  • Silver: was down 0.1 percent

  • Platinum: was down 0.2 percent

  • Palladium: was up 0.1 percent in various precious metals.

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