Gold Pushed by Softer Dollar, Equity Markets

Reuters reported that gold climbed on Tuesday, propped up by strong Chinese physical demand and a soft dollar and equity markets, although there is concern that improved U.S. data may place further downward pressure on bullion prices.

As quoted in the market report:

We still think gold is in bubble territory despite the April sell-off. The rise in U.S. bond yields will be a key factor going forwards,” Christin Tuxen, analyst at Danske Bank, said.

To view the whole Reuters report, click here.