Gold shows the worst trend in 6 years, falling 8 days in a row
Gold prices fell for the eighth session in a row, on Wednesday, after Tuesday, prices settled at the lowest level of the month, as strong yields and a strong dollar continued to weigh on the yellow metal.
Market Drivers
Gold prices have fallen for eight consecutive sessions, with benchmark 10-year US Treasury yields hitting their highest level since 2008 this week.
Rising crude oil prices and stronger-than-expected US economic growth are raising concerns that inflation could pick up again, potentially forcing the Federal Reserve and other central banks to keep raising interest rates,...