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20 Jan 2022

Gold Down as Investors Remain cautious for Next Fed Monetary Policy

The Index Today

On Thursday morning in Asia, Gold was seen down 0.18% to $1,839.85 by 10:49 PM ET (3:49 AM GMT), with higher U.S. Treasury yields blocking gains in Gold as investors remain cautious in the preparation for the next U.S. Federal Reserve's policy decision.

Benchmark U.S. 10-year Treasury yields rose on Thursday, gently pressuring gold.

According to economists polled by Reuters, the Fed is widely expected to tighten monetary policy at a much faster pace than expected a month ago to curb continually high inflation. This inflation is now the biggest threat to the U.S. economy in 2022.

©Photo: Financial Times

Clay pottery with table linens
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