Gold edges higher at US$1,819

Business | 13 May 2021 9:47 am

Gold edged higher on Thursday, buoyed by hopes that the U.S. Federal reserve may not hike interest rates anytime soon, but a jump in U.S. Treasury yields following a bigger-than-expected rise in April's U.S. consumer prices capped gains, Reuters reports.

Spot gold was up by 0.2 percent at US$1,819.71 per ounce by

0116 GMT. U.S. gold futures eased by 0.2 percent to US$1,819.10.

 



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