Lates News

Due to rising oil prices and increasing U.S. Treasury yields, gold prices fell on Tuesday, as the former two raised the opportunity cost of holding non-yielding gold. However, gold prices have still risen more than 10% so far this month. Analysts at Mitsubishi UFJ Financial Group stated, "Nevertheless, the recovery in investor demand and the increased gold purchases by central banks continue to support gold prices. Looking ahead, the minutes from the Federal Reserve's July meeting and Chairman Waller's speech at the Jackson Hole conference will be key to assessing the interest rate outlook."