Gold was down on Wednesday morning in Asia, hitting a more than one-week low. The Dollar remained near recent highs and U.S. Treasury yields continued to weigh on demand.
Gold in 6-Week High of $2,000 on Alarm Over U.S. Inflation/Recession, Ukraine
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Gold is living up to its name again as the asset that investors turn to in times of economic and political troubles. Prices of the shiny metal hit a six-week high of just above $2,000 an ounce as inflation and recession indicators, along with concerns over the festering Russian invasion of Ukraine, sent alarm bells clanging anew across markets.
