Follow-ups -eshrag News:
Mon, 2022-06-13 10:30
RIYADH: Gold prices eased on Monday from a one-month high earlier in the session, as US inflation data lifted Treasury yields and tempered the appeal of safe-haven bullion.
Spot gold was down 0.5 percent at $1,862.29 per ounce, as of 0205 GMT. US gold futures also eased 0.5 percent to $1,866.80.
Gold, which is seen as a safe-haven asset in times of economic crises, hit its highest since May 9 earlier in the session at $1,877.05 per ounce.
Business & Economy
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