Gold set to break longest losing streak in 7 years as bond selloff cools
Thu, Oct 5, 2023 1:43 PM

Gold set to break longest losing streak in 7 years as bond selloff cools

A Flip by Shubhangi Gupta
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Gold was steady on Thursday, but market watchers are hoping it could end an 8-session losing streak. US bond yields and dollar retreated from recent highs, leading to increased support for gold. Data on Thursday showed US private payrolls increasing less than expected, setting the stage for Friday's key employment report. Meanwhile, SPDR Gold Trust holdings fell to its lowest since August 2019.

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