Gold for June delivery retreated nearly 0.7%, or $12.20, to $1,853 an ounce ahead of the US trading open
Precious metals retreated on Wednesday after a four-day streak of gains as investors braced for the release of the minutes from the Federal Reserve’s two-day meeting from earlier this month.
While... Precious metals retreated on Wednesday after a four-day streak of gains as investors braced for the release of the minutes from the Federal Reserve’s two-day meeting from earlier this month. While precious metals like gold have historically been seen as safe haven assets, in recent months, it has tended to trade in the same direction as equity indexes. On Wednesday, gold and silver futures were retreating alongside equity futures, and despite the fact that Treasury yields, which move inversely to prices, were on the downswing.
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