(Bloomberg) -- Silver’s been the worst performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery.Most Read from BloombergUK Plans for Blackouts in January in Emergency Energy PlanMusk Sells $6.9 Billion of Tesla to Avoid Twitter Fire SaleTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoRussia Is Scouring the Globe for Weapons to Use Against UkraineTrump Search Was Unprecedented, But Records Case Will Be ToughThe white metal has
Gold prices gained on Tuesday supported by a softer dollar, while market participants awaited U.S. inflation data for cues on the Federal Reserve's policy tightening path. Spot gold was 0.4% higher at $1,794.76 per ounce by 10:52 a.m. ET (1452 GMT), while U.S. gold futures rose 0.4% to $1,811.40. Gold is currently benefiting from a softer dollar and the Russia-Ukraine situation, while the focus is on what happens with CPI on Wednesday, said Daniel Pavilonis, senior market strategist at RJO Futures.
(Bloomberg) -- Gold inched higher as Treasury yields pared their recent surge, with traders temporarily looking beyond the Federal Reserve’s aggressive interest-rate hike path. Bullion rose as much as 0.8%, rebounding from the worst daily loss in two weeks in the previous session. On Friday, a stronger-than-expected US jobs report added to the case for more Fed monetary tightening, pushing up the dollar and bond yields while crushing gold since it pays no interest and is priced in the greenback.