Gold Prices Mostly Flat as Firmer Dollar, Treasury Rout Offset by Oil Dip

Available evidence shows gold prices were mostly flat. On the drivers, a firmer dollar and a selloff in U.S. Treasuries weighed on bullion, but a dip in oil prices offset that pressure, leaving the overall move in gold limited.^[5]

On central bank gold purchases and mining companies, the evidence available provided no specific data or developments, so this report does not cover them. At the macro level, the drivers currently visible are mainly the offsetting effects among the dollar, U.S. Treasuries and crude oil prices.^[5]