Gold prices slipped again on Thursday, heading for a third day in the red, as rising Treasury yields and a stronger U.S. dollar following Fitch Ratings’ downgrade of the U.S. credit rating put pressure on precious metals.
Price action
Market drivers
Gold prices have seen their shine dim slightly this week. While the yellow metal is still trading well above its late-June lows of around $1,910 per ounce, a stronger U.S. dollar and rising Treasury yields are threatening to push it even lower.
Fitch…
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