PRECIOUS-Gold holds firm on inflation unease, rising yields cap gains - NewsBreak
By Shannon in Business
Updated 2 years ago
(Recasts, adds comments, updates prices) * UBS sees gold prices at $1,700/oz at end-March 2022. * Gold trapped between $1,750 and $1,800 - analyst. Oct 21 (Reuters) - Gold prices edged higher on Thursday as concerns over persistently higher inflation buoyed the safe-haven metal's appeal, though elevated U.S. Treasury yields confined the bullion to a narrow range.