Gold holds steady as easing oil prices and bond yields reduce pressure for US interest rate hikes

KEY POINTS MAIN STORY Gold prices held onto their recent gains as increasing oil supplies from the Middle East and a drop in government bond yields reduced the pressure on the US Federal Reserve to raise interest rates this month. Bullion traded around $4,165 an ounce following a 0.6% rise in the previous session. According … Continue reading Gold holds steady as easing oil prices and bond yields reduce pressure for US interest rate hikes