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