COMEX gold continues to steady around similar levels on Tuesday morning in Asia tracking lower yields and greenback. US benchmark treasury yields dropped below 4.6% while dollar index fell briefly under 108 mark in the previous session before rebounding slightly following Donald Trump speech after he was sworn in as the 47th President of the United States (US). The greenback weakened during his speech as he set aside his aggressive tariff policies, which could stoke inflation and prevent the Federal Reserve (Fed) from easing policy. Meanwhile, the yellow metal is quoting at $2743.70 an ounce, down 0.18% on the day.

Powered by Commodity Insights