#Latest news with #FiscalDeficitBloomberg22-05-2025BusinessBloombergGold Gains as Weak Bond Auction Highlights US Fiscal ConcernsGold strengthened for a fourth day, as investors pushed back against US President Donald Trump's tax-cut plan and growing fiscal deficit by driving long-range US Treasury yields to near a two-decade high. Bullion edged higher in early Asian trading to about $3,325 an ounce. Haven appetite has been bolstered amid the risk-off mood for stocks, which has also sparked declines in the US dollar.
Bloomberg22-05-2025BusinessBloombergGold Gains as Weak Bond Auction Highlights US Fiscal ConcernsGold strengthened for a fourth day, as investors pushed back against US President Donald Trump's tax-cut plan and growing fiscal deficit by driving long-range US Treasury yields to near a two-decade high. Bullion edged higher in early Asian trading to about $3,325 an ounce. Haven appetite has been bolstered amid the risk-off mood for stocks, which has also sparked declines in the US dollar.
22-05-2025
