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Indebta > Investing > Gold prices continue to struggle after sliding to 1-month lows as rising bond yields heap pressure on metals
Investing

Gold prices continue to struggle after sliding to 1-month lows as rising bond yields heap pressure on metals

News Room
Last updated: 2023/08/16 at 2:41 AM
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Gold prices slid further on Tuesday, settling at their lowest levels in more than a month, as the Treasury yields and the U.S. dollar climbed following the release of official data showing a surge of sales by American retailers in July.

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Price actionMarket drivers

Price action

Market drivers

Prices of the yellow metal slid further on Tuesday, building on earlier losses, following the release of better than forecast retail-sales data showing U.S. retailers had a strong July, mostly due to the impact of Amazon Prime Day.

Sales…

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News Room August 16, 2023 August 16, 2023
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