

Please try another search
Investing.com - Gold prices were largely unchanged Wednesday as investors grappled with rising U.S. interest rates, although the metal drew some support from the dollar coming off a seven-week high.
Comex gold futures were down 20 cents at $1,191.30 a troy ounce by 10:28AM ET.
Meanwhile, spot gold was trading at $1,188.35 per ounce, down $1.50, or 0.1%.
Yields on the benchmark 10-year Treasury note rose to around 3.23% after reaching a seven-year top of 3.261% a day earlier.
Treasury yields have surged recently following a batch of upbeat economic data that bolstered the case for the Federal Reserve to raise rates in December and beyond.
Expectations for rising interest rates look likely to remain a headwind for gold prices. Interest rate increases and higher U.S. bond yields dampen appeal for gold, which offers no yield.
Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.2% at 95.17, pulling back from a seven-week high of 95.84 reached in the previous session.
Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.
In other metals action, silver futures were 8.5 cents, or 0.6%, lower at $14.31 a troy ounce.
Platinum was down 0.4% at $825.60, while palladium gained 0.3% to $1,065.10.
December copper shed 2.3 cents, or 0.8%, to $2.785 a pound.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.