26 Feb 2021 03:29 (5 jam lalu) -
By Barani Krishnan Investing.com - Gold struggled to stay above mid-$1,700 territory Thursday, joining the plunge in most commodities and stocks on Wall Street after U.S. bond yields ran riot to the upside, triggering a so-called value-assets rally on bets the Covid-struck economy may do better than the Fed says. Gold for April delivery on New York’s Comex settled down $22.50, or 1.3%, at $1,775.40 per ounce. It earlier tumbled to $1,764.25, nearing the June low of 1,759 hit last week. Spot gold, which reflects real-time trades in bullion and which hedge funds and other money managers count on for direction more than futures, was down $30. ...