Commodity Capsule: Brent crude oil rangebound; gold, silver, copper slips | Watch video
Commodity Capsule: U.S. dollar strengthened on data showing U.S. job openings unexpectedly increased in August.
Commodity Capsule: Gold and silver futures continued their downward trend for the seventh consecutive day on Wednesday.
Bullion faces headwinds due to the surge in US yields and firm dollar index.
U.S. dollar strengthened on data showing U.S. job openings unexpectedly increased in August.
Federal Reserve officials see rising yields on long-term U.S. Treasury debt as evidence their tight-money policies are working, but for now, at least say they are not triggering alarm bells for the economy.
Benchmark U.S. 10-year bond yields were at 16-year highs COMEX gold is hovering $1820 an ounce mark, near its lowest level since March 2023.
Comex Silver recovered after dipping under $21 an ounce in the last session and slipped to its lowest since mid-March.
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