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Gold Down Modestly In Asian Trades
17-Jun-22   11:47 Hrs IST
Gold is marginally down in Asia following an overnight surge as early recovery in dollar shuns appeal for the yellow metal. The US dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.5% to 103.93. However, damp US treasury yields trading at its lowest level in almost a week is likely to drag down dollar that could support gold to some extent for the day. The 10-year US Treasury yields have plunged by more than 3% to near 3.20% that could weaken the DXY further. COMEX Gold is currently down 0.15% at $1846.85 an ounce.

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