Gold Rally Cut Short as Dollar, Yields Soar on Ramping US Inflation By Investing.com – Investing.com
- Date: 13-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Gold Rally Cut Short as Dollar, Yields Soar on Ramping US Inflation By Investing.com – Investing.com
By Barani Krishnan
Investing.com - “What inflation?” — Gold bulls might be asking on Wednesday after a breakout in US consumer prices for April led to a familiar rally in the dollar and bond yields versus the yellow metal.
Gold slipped further from the target of longs in the market to breach $1,850, after coming tantalizingly close to the resistance several times since last week upon its return to the $1,800 pricing it last held in February.
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