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Global Market Report – 07 May 2021

Gold Spot Gold prices hovered near a 2-1/2-month high, aided by a pullback in the dollar and Treasury yields as investors cautiously await U.S. non-farm payrolls data for further cues on the health of the world’s biggest economy. The dollar index slipped to a...

Global Market Report – 06 May 2021

Gold Spot Gold firmed on Wednesday as the dollar and U.S. Treasury yields eased, while palladium held near record highs propped up by supply constraints. The benchmark 10-year yield backed off from earlier highs, while the dollar index eased off a two week-high,...

Global Market Report – 05 May 2021

Gold Spot Gold prices fell from a more than two-month high on Tuesday, as a rebound in the dollar dented the metal’s safe-haven appeal, while investors speculated that a swifter than expected U.S. economic recovery might prompt an interest rate hike. Technical...

Global Market Report – 04 May 2021

Gold Spot Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the dollar and U.S. Treasury yields. Technical Resistance: 1800/1815 Technical support: 1770/1756 Market headlines:...

Global Market Report – 03 May 2021

Gold Spot Gold was down on Friday as intermittent spikes in the key yield of U.S. bonds kept it under constant pressure. The yield on the 10-year Treasury note hit a two-week high of 1.684 on Thursday as bonds started selling off again this week after a spike in U.S....

Global Market Report – 30 Apr 2021

Gold Spot Gold fell more than 1% on Thursday as U.S. Treasury yields gained on upbeat U.S. economic data, while a supply deficit lifted palladium to a fresh record peak, setting its sights on the $3,000 mark. Technical Resistance: 1778/1787 Technical support:...