Gold prices fell as US treasury yields rose - ZENMoney

Gold prices fell as US Treasury yields rose on minutes from a Federal Reserve meeting which gave few clues about when the US central bank may cut back on economic stimulus. Astrengthening dollar against basket of currencies pressurised the yellow metal further. In the physical market, traders largely ignored mixed data on Chinese import of silver and platinum group metals.

Silver Prices fell due to a weaker Euro against Dollar on the back of data coming in from US and after minutes of the Federal Reserve's meeting in July suggested that the U.S. central bank was still on track to taper its asset-buying program next month. Traders largely ignored mixed data on Chinese import of silver and platinum group metals.

Base metals fell due to a strengthening US dollar against basket of currencies after minutes of the Federal Reserve's meeting in July suggested that the U.S. central bank was still on track to taper its asset-buying program next month. Some investors also moved to the sidelines ahead of China's manufacturing PMI data.

Source : Equity Bulls

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