• Latest
  • Trending
  • All
  • Lifestyle & Entertainment
Palladium drops 8% as gold falls due to higher US yields and the currency

Palladium drops 8% as gold falls due to higher US yields and the currency

March 31, 2022
couple love sitting evening

The Growing Popularity of Web Series: A New Era of Entertainment

May 29, 2023
couple sitting on the bed working

Top 5 Netflix Movies to Watch with Your Girlfriend: Perfect Romantic Escapes

May 29, 2023
bionic hand and human hand finger pointing

Harnessing the Power of Generative AI: Unleashing Creative Potential

May 28, 2023
man and woman sitting on a couch in front of a television

Top 5 Netflix Web Series of All Time: Binge-Worthy Entertainment at Its Finest

May 27, 2023
Mariam Elhouli : The Power of Personal Branding: Attention as the New Commodity in 2023

Mariam Elhouli : The Power of Personal Branding: Attention as the New Commodity in 2023

May 27, 2023
Unleashing Success: Harnessing the Power of James Edwards, an Award-Winning Career and Mindset Transformation Coach.

Unleashing Success: Harnessing the Power of James Edwards, an Award-Winning Career and Mindset Transformation Coach.

May 27, 2023
Exploring the Evolution of The Flash: From Comic Book Hero to Movie Phenomenon

Exploring the Evolution of The Flash: From Comic Book Hero to Movie Phenomenon

May 27, 2023
Why I Finally Niched My Agency | Elyse Lupin

Why I Finally Niched My Agency | Elyse Lupin

May 26, 2023
Get Ready for a Whimsical Adventure as Margot Robbie Brings Barbie to Life on the Big Screen

Get Ready for a Whimsical Adventure as Margot Robbie Brings Barbie to Life on the Big Screen

May 26, 2023
From Humble Beginnings to Business Stardom: Tommie Mopia’s Rollicking Rise to Fame

From Humble Beginnings to Business Stardom: Tommie Mopia’s Rollicking Rise to Fame

May 25, 2023
XXX OnlyFans Model Demi Rose’s Shares Photo On Golden Bikini On Instagram Gone Viral!

XXX OnlyFans Model Demi Rose’s Shares Photo On Golden Bikini On Instagram Gone Viral!

May 25, 2023
The Healer: A Journey of Redemption, Healing, and Love

The Healer: A Journey of Redemption, Healing, and Love

May 25, 2023
Retail
Tuesday, May 30, 2023
Contact Us
  • Home
  • World
  • Business
  • Hollywood
  • Web Series
  • Bollywood
  • Korean
  • Sports
  • 30 Under 30
No Result
View All Result
The UBJ - United Business Journal
No Result
View All Result
Home Business

Palladium drops 8% as gold falls due to higher US yields and the currency

by Madhu Sahu
March 31, 2022
in Business
0

Higher U.S. Treasury yields and a stronger dollar weighed on gold on Monday, while easing supply fears ahead of Russia-Ukraine peace negotiations brought autocatalyst palladium down over 8%.

By 12:01 p.m. ET(1601 GMT), spot gold had fallen 1.07 percent to $1,936.36 per ounce, while U.S. gold futures had fallen 0.9 percent to $1,936.40.

YOU MAY ALSO LIKE

QuickPR Expands Services to US, UK, and UAE to Deliver Innovative Digital PR Strategies to Businesses Worldwide

Celebrating Young Talent: The UBJ’s Influential Personalities 30 Under 30 Awards to be held at FashionTV Lounge, Gardens Galleria, Noida

Although gold is considered an inflation hedge, rising interest rates in the United States make owning non-yielding metal more expensive. [USD/]

Because of inflation concerns, gold’s fall should be limited, according to Jim Wycoff, the senior analyst at Kitco Metals.

“Whenever we have inflationary pressures like we have today, the metals markets have been sought after in the past, and I expect that will continue to be the case.”

The dollar increased 0.5 percent, making gold more expensive for holders of other currencies.

Hopes of progress in the first face-to-face peace negotiations between Ukraine and Russia in more than two weeks added to gold’s safe-haven appeal.

We’ve already seen a significant portion of the war premium in gold removed, but there may be more to come. As a result, gold is currently facing considerable headwinds,” said Ross Norman, an independent analyst.

Palladium was trading at $2,204.61 per ounce, down 5.7 percent from its lowest level since January 25. Since reaching a new high on March 7, the metal has lost approximately 34% of its value.

“Despite the airspace ban between Russia and the United States and Europe, Russia can still export palladium via alternative routes. As a result, I believe certain supply disruption concerns are dissipating “Giovanni Staunovo, a UBS analyst, stated.

Silver sank 1.9 percent to $25.03, while platinum fell 1.6 percent to $986.36.

Share this:

  • Twitter
  • Facebook

Related

Tags: dropGoldUs

Related Posts

QuickPR Expands Services to US, UK, and UAE to Deliver Innovative Digital PR Strategies to Businesses Worldwide
Business

QuickPR Expands Services to US, UK, and UAE to Deliver Innovative Digital PR Strategies to Businesses Worldwide

by The UBJ
May 6, 2023
Celebrating Young Talent: The UBJ’s Influential Personalities 30 Under 30 Awards to be held at FashionTV Lounge, Gardens Galleria, Noida
Business

Celebrating Young Talent: The UBJ’s Influential Personalities 30 Under 30 Awards to be held at FashionTV Lounge, Gardens Galleria, Noida

by The UBJ
April 6, 2023
How Solomon Lacy III is Empowering Entrepreneurs to Leverage Other People’s Money
Business

How Solomon Lacy III is Empowering Entrepreneurs to Leverage Other People’s Money

by Manish Singh
March 9, 2023
FLY 20% CHEAPER THAN GOOGLE FLIGHTS? IS THE NO. 1 TECH GIANT FAILING US ALL?
Business

FLY 20% CHEAPER THAN GOOGLE FLIGHTS? IS THE NO. 1 TECH GIANT FAILING US ALL?

by Deborah Blum
December 26, 2022
Companies who rejected him while he applied for internships now are clients of his startup, the Inspiring journey of Harshal Fuse
Business

Companies who rejected him while he applied for internships now are clients of his startup, the Inspiring journey of Harshal Fuse

by The UBJ
October 31, 2022
Pune’s startups and business news
Business

Pune’s startups and business news

by Kalpit Sahu
October 9, 2022

Advertisement

Instagram

    Please install/update and activate JNews Instagram plugin.

Recent News

couple love sitting evening

The Growing Popularity of Web Series: A New Era of Entertainment

May 29, 2023
couple sitting on the bed working

Top 5 Netflix Movies to Watch with Your Girlfriend: Perfect Romantic Escapes

May 29, 2023

Categories

  • blog
  • Bollywood
  • bollywood
  • Business
  • Dating Tips
  • Featured
  • Hollywood
  • Horoscope
  • k-drama
  • Korean
  • Lifestyle & Entertainment
  • Movie
  • NBA
  • News
  • Pro Wrestling
  • Science & Technology
  • Sports
  • Technology
  • Web Series
  • World

Quick Contact

The UBJ Is content that is informative, entertaining, and relevant to its region. It offers news, sport, lifestyle, business & more

© 2022 The UBJ. All Right Reserved

  • About UBJ
  • Contact
  • Editorial Team
  • Privacy Policy
  • Disclaimer

No Result
View All Result
  • Home
  • World
  • Business
  • Hollywood
  • Web Series
  • Bollywood
  • Korean
  • Sports
  • 30 Under 30