New Delhi, Feb. 12 -- Gold and silver prices traded lower in the international markets on Thursday as a recovery in the US dollar and Treasury yields weighed on investor sentiment following stronger-than-expected US jobs data. The weakness in bullion prices was mirrored in the domestic market, with MCX gold and silver futures also trading lower.
Robust US labour market data for January dampened expectations of near-term interest rate cuts by the US Federal Reserve. This supported the dollar and US Treasury yields, exerting pressure on non-yielding assets such as gold and silver.
Spot gold price edged 0.3% lower to $5,064.90 per ounce, while US gold futures for April delivery lost 0.2% to $5,086.30 per ounce. Spot silver price fell 0.5% ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.