Park Avenue Numismatics
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Gold gains as dollar, U.S. treasury yields weaken
3.30.22 - Is the World Splitting in Two?
Gold last traded at $1,943 an ounce. Silver at $24.88 an ounce..
NEWS SUMMARY: Precious metal prices rose Thursday, on track for a 5.6% gain in the first quarter. U.S. stocks traded lower as Wall Street stock indexes suffer between a 3% to 7% loss in the last quarter.
Reuters--"Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal's appeal as a safe haven and kept gains in check.
City Index senior market analyst Matt Simpson said investors remain wary of Russia's intentions following its pledge to scale down "military operations" around Kyiv and another city.
Ukraine reacted with skepticism, and some Western governments fear Moscow aims to intensify its offensive in other parts of the country.
Simpson said gold benefited from both currency and bond market trends.
The dollar index held near a more than one-week low hit in the previous session, making gold less expensive for other currency holders."
