- December 27, 2021
- Posted by: Stratford Team
- Category: Economy
- Japan’s Nov retail sales rise faster than expected
- Palladium touches one-month high
- Asian stock markets generally weaker
Dec 27 (Reuters) – Gold held steady on Monday above the key level of $1,800 per ounce, as slightly weaker U.S. Treasury yields countered an uptick in the dollar.
Spot gold rose 0.1% to $1,809.95 per ounce by 0323 GMT, staying mostly ahead of $1,800 since closing above that level for the first time in a month last week.
U.S. gold futures were little changed at $1,811.40.
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Benchmark U.S. Treasury yields edged down from their highest in more than a week touched in the previous session, reducing the opportunity cost of holding bullion, which pays no interest.
The dollar index (.DXY) inched up from its weakest level in nearly a week, making greenback-priced gold less attractive for holders of non-U.S. currencies.
“Gold faces resistance just above $1,815 and if the recent past is any…
