Commodities

Gold hits 2-1/5 year nadir as US yields surge

2022-09-23 11:11:38 GMT (Economies.com)

Gold prices sharpened their decline on Friday to 2-1/5 year lows, on track for the second weekly loss in a row as US treasury yields spike following the Federal Reserve's latest meeting. 

 

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Gold prices fell 1.8% to $1,641.20 an ounce, the lowest since April 2020, with a session-high at $1,675.93. 

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