Gold Advances After Wild Swings as Investors Weigh Next Steps

(Bloomberg) — Gold headed for back-to-back gains following wild swings as investors weighed the outlook for the metal’s record-setting rally, tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite.Spot bullion climbed, while futures were little changed. This comes after prices tumbled on Tuesday, then swung in a wide arc on Wednesday, as last-week’s rally likely spurred some technical selling and profit-taking. Meanwhile, most Asian stocks advanced Thursday and were on course to erase this year’s declines as the global equity rally that’s driven shares higher since March continued to strengthen.Gold and silver have …read more

Source:: Yahoo Finance

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