Gold futures edge higher Friday, with the yellow metal on track for a fifth straight weekly gain
Gold ticked higher early Friday, with the yellow metal on track for a fifth straight weekly gain as investors monitor falling bond yields and fears of an economic downturn.
Yields... Gold ticked higher early Friday, with the yellow metal on track for a fifth straight weekly gain as investors monitor falling bond yields and fears of an economic downturn. Yields were higher on Friday but on track for a weekly decline. Lower yields reduce the opportunity cost of holding nonyielding assets like gold. The ICE U.S. Dollar Index DXY was on track for a weekly gain but has retreated around 11% from a 20-year high set in October. A weaker dollar can be supportive for commodities priced in the unit, making them less expensive to users of other currencies.
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