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Gold Hits Three-month High On Softer Dollar Following Surprise Treasury Move

Energy Markets & PricesCurrency & FXInterest Rates & YieldsCommodities & Raw MaterialsMarket Technicals & Flows

Gold prices rose sharply on Friday and were set for a third straight weekly gain, helped by a weakening U.S. dollar and expectations that longer-term Treasury yields will remain controlled. The move suggests near-term support from FX and rate expectations rather than a single company-specific catalyst.

Analysis

Gold prices rose sharply on Friday and were set for a third straight weekly gain, helped by a weakening U.S. dollar and expectations that longer-term Treasury yields will remain controlled. The move suggests near-term support from FX and rate expectations rather than a single company-specific catalyst.

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