Gold prices fell on rising US bond yields - ZENMoney

Gold prices fell as rising US bond yields signalled that the US Federal Reserve could be moving closer to reducing monetary stimulus next month. The yellow metal fell further as jitters ahead of the Federal Open Market Committee's meeting minutes which is scheduled on Wednesday. Gold prices in india continued the rally on the back of prolonged weakness in the indian currency.

Silver Prices fell on uncertainty about when the US Federal Reserve could ease back on stimulus and ahead of Fed's July meeting mins on Wednesday. The gains in Euro against US dollar on the back of comments from Bundesbank supported the white metal at lower levels. A heavy speculative as well as industrial demand at domestic end supported the White metal prices.

Base metals fell on uncertainty about when the US Fed Reserve could ease back on stimulus that has helped fuel gains in commodities in recent years. The copper prices were pressurised with opportunistic selling following several sessions of gains. Copper prices have found support ahead of a seasonally stronger period for demand in China.

Source : Equity Bulls

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