interest rates

Some analysts worry that higher US interest rates are bearish for gold. Because gold has no yield, the higher rates climb, the greater the relative appeal of other assets. But the evidence doesn’t bear this out, says Russ Mould of investment platform AJ Bell in The Daily Telegraph . . . .

The precious metal last week took support at lower levels and bounced back to trade above the important resistance level of $1,225 after the US Federal Reserve chair Janet Yellen spoke about growth projections of the US economy and further increase in interest rates . . . .

The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress . . . .

Credit Suisse still looks for $1,400-an-ounce gold by the fourth quarter . . . .

Gold dipped on Tuesday on technical selling, although losses were limited as most investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that should provide signals on the pace of future monetary tightening . . . .

Gold prices raced higher as worries about political instability in the US swept financial markets . . . .

On 11 April gold prices broke above the 200-day moving average. They rose to a high of USD 1,295 per ounce on 17 April. Since then, prices have fallen by close to 5% . . . .

Gold prices bounced up overnight as US investors reacted to comments from Donald Trump that sent the dollar tumbling . . .

Gold is poised to rally to levels last seen four years ago, as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market . . . .