0027 GMT — Gold slips in early Asian trade. Higher bond yields and a stronger dollar are likely weighing on investor demand for the precious metal, say ANZ Research analysts in a note. A higher interest-rate environment typically diminishes the allure of the non-interest-yielding yellow metal.
Still, any losses are likely to be partially offset by strong central-bank buying, the analysts add, noting that the People’s Bank of China—among the world’s biggest gold buyers—expanded its reserves in September. Spot gold is down 0.2% at $4,106.75 an ounce. (megan.cheah@wsj.com).
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing