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The Economic Times

Global Business / The Economic Times

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Gold hovers near early-June high on lower bond yields

Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening, gold became increasingly attractive to investors. This move comes in light of persistent inflation fears and looming interest rate hikes, highlighting gold's reputation as a secure haven during times of financial instability.

20 Aug 2026 7:30 am