Our Gold View on www.marketwatch.com on 29th July 2022

By: Admin
2 weeks ago

Gold, silver rally again in wake of slide in dollar and bond yields

Last Updated: July 29, 2022 at 12:51 p.m. ETFirst Published: July 29, 2022 at 8:00 a.m. ET

What analysts are saying

In July, gold bulls were “terrorized by expectations of very aggressive interest-rate hikes by the Federal Reserve, and almost all central banks,” which led to a historical high in the U.S. dollar index and rising bond yields, Chintan Karnani, director of research at Insignia Consultants, told MarketWatch.