Gold futures push higher early Monday, continuing to shake off a rise in bond yields as investors appear to focus on inflation worries.
Gold futures rose early Monday, as investors shook off a continued rise in Treasury yields as the focus appeared to remain on worries over rising inflation pressures.
A... Gold futures rose early Monday, as investors shook off a continued rise in Treasury yields as the focus appeared to remain on worries over rising inflation pressures. The March consumer price index is due Tuesday morning, while the producer price index for last month is set for release on Wednesday. Thursday brings the University of Michigan preliminary April consumer sentiment readings, including its gauge of five-year inflation expectations.
“The new week started with the gold price jumping above the key resistance of $1,950 an ounce and trying to leave the lateral trading range between $1,890 and $1,950 of the last few sessions,” he wrote.
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