Gold Asian: Dollar, U.S. bond yields fall Gold prices rebound after heavy losses

By    30 Mar,2022

Gold futures prices rebounded in Asian midday trading on Wednesday, having hit a one-month low yesterday, after progress in talks between Russia and Ukraine weakened safe-haven demand for gold in the market. However, a weaker dollar and falling U.S. bond yields dampened gold's decline.


On Tuesday, gold futures prices plunged about $50 at one point, hitting a new low of more than a month, but the dollar, which usually moves in the opposite direction of gold, also fell, and the yield on the U.S. 10-year Treasury note also fell from a three-year high.

Russia and Ukraine held a new round of face-to-face talks at the Dolmabahçe Palace in Istanbul, Turkey, on 29 March, which lasted about three hours, Xinhua reported. The Russian delegation said after the meeting that the negotiations held by the two sides were constructive and stressed that "the two sides agreed on certain terms, which will be further studied by the foreign ministries of both countries.