Gold declines as dollar, yields strengthen following US retail sales data
Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97 per ounce as of 10:18 … Read more