Gold rises, with dollar and Treasury yields halting recent rallies By Investing.com

© Reuters.

By Gina Lee Investing.com – Gold was higher in Asia on Wednesday morning, with dollar and US Treasury yields hitting the pause button on their recent rallies. rose 0.82% to $ 1,859.40 at 11:59 p.m. ET (4:59 a.m. GMT), benchmark ten-year Treasury yields retreated from ten-month highs, which saw the dollar weaken on Wednesday. The United States economy could see a strong rebound in the second half of this year as vaccines become widely available, but COVID-19 is still driving the economy and monetary policy will remain accommodative, the bank’s president said Tuesday. of the Boston Federal Reserve, Eric Rosengren. St. Louis Fed Chairman James Bullard also dismissed speculation that the Fed will begin easing its asset purchase program in the near term in separate comments. Fed Chairman Jerome Powell will participate in a webinar on Thursday, while European Central Bank President Christine Lagarde will speak at an online conference later that day. On the data front, the US will post December later in the day. December data, and is scheduled to follow on Friday. Meanwhile, the House of Representatives has voted 223-205 to require Vice President Mike Pence to use the 25th Amendment to the Constitution to remove incumbent President Donald Trump from office, before a vote later in the day on whether to impeach him. Trump for the second time. the violent siege of Capitol Hill by his supporters during the past week. The number of worldwide cases exceeded 91.57 million as of January 13, and some Asian and European countries impose stricter restrictions to slow the spread of the virus. The increasing number of cases also caused investors to turn to the safe haven asset.

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