Gold trading range for the day is 31048-31722.
Gold steadied as surging U.S. government bond yields and nervousness about inflationary pressures sent stock markets tumbling and investors to seek safety.
Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 21-year high in September.
The Fed raised U.S. rates last week and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth.
For more information ✆ +91-8871068600 or visit Dynamic Money Research
Gold steadied as surging U.S. government bond yields and nervousness about inflationary pressures sent stock markets tumbling and investors to seek safety.
Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 21-year high in September.
The Fed raised U.S. rates last week and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth.
For more information ✆ +91-8871068600 or visit Dynamic Money Research
No comments:
Post a Comment