Home Business News Gold rose versus the dollar fell, U.S. Treasury yields according to Investing.com

Gold rose versus the dollar fell, U.S. Treasury yields according to Investing.com


© Reuters.

By Gina Lee

Investment.com – Gold rose on Thursday morning in Asia, sticking to an 8-week high thanks to weaker and lower U.S. Treasury yields.

inched up 0.04% to $ 1793.80 at 11:54 PM ET (3:54 AM GMT). The benchmark remains below 1.6% and the dollar inched down on Thursday.

A US Senate committee on Wednesday advocated and proposed a stricter oversight of overseas donations to US colleges and universities among other measures. The passage of the bill, also aimed at enhancing the United States’ competitiveness in key technology and manufacturing industries, also increased tensions between the two countries.

US lawmakers also introduced a separate bill aimed at seeking billions of dollars to fund technology research and the economy is expected to grow at its fastest annual rate in decades by year. 2021, although the recent increase in COVID-19 cases may slow that rate down. According to data from Johns Hopkins University, the number of COVID-19 infections globally has surpassed 143 million people and more than three million have died as of April 22.

Meanwhile, investors wait later in the day and a week later.

Investors will pay attention to these decisions after the Bank of Canada signaled that they could begin raising interest rates by the end of 2022 after slashing the pace of bond purchases, making it a bank. The first central group in Group 7 moved toward the withdrawal of unprecedented stimulus measures. measures.

In other precious metals, silver decreased 0.1% and platinum decreased 0.2%, while palladium inched 0.1%.

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