"The gold market is getting relief because of extremely low yields. But gold is competing with the dollar for safe-haven demand, so that is going to limit upside momentum over the near-term," said Stephen Innes, managing partner at SPI Asset Management. Lower yields reduce the opportunity cost of holding non-interest-bearing gold. A stronger dollar makes gold more expensive for other currency holders. Silver eased 0.3% to $25.12 per ounce, palladium gained 0.5% to $2,607.38, and platinum was steady at $1,075.52.

Source: dna July 20, 2021 07:07 UTC