Gold-International Market

gold has been trading between $1,730 and $1,830, and that's been the range pretty much for the last six months.

U.S. gold futures were little changed at $1,788.10

Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722.

Gold is suffering a little bit on back of a firmer greenback and slightly stronger equity market.

While gold is still good for inflation, the problem is it's not good right now because yields are going higher in concert with inflation

Investments and increasing jewelry consumption are growing the gold mining market. Gold jewelry is the most significant growth factor, but the demand for jewelry has been declining, more so in 2020 due to the COVID-19 pandemic.

Gold continues to trade in a range near $1800/oz and this may continue unless there are fresh triggers however Fed's tightening expectations could keep US dollar supported and this may weigh on gold price.

Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722

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