GOLD was set on Friday for its worst year since 2015 as a global economic recovery from last year's contraction robbed the metal of safe-haven flows and as central banks prepared to raise interest rates to contain persistently high inflation.
Spot gold rose 0.2% to $1,817.78 per ounce by 0529 GMT, hovering close to Tuesday's one-month high, as a dip in U.S. Treasury yields boosted the metal's appeal by reducing its opportunity cost. U.S. gold futures were up 0.3% to $1,818.70.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
