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Nice confluence of Esker drilling and rising gold price. Looking forward to the action following tomorrow's General Meeting:

Gold price gains 1% as US inflation data dents Treasury yields

Staff Writer | April 12, 2022 | 9:43 am Markets USA Gold


Gold advanced for a fifth straight day as inflation data for the month of March came in slightly higher than expected, causing US Treasury yields to pull back from a three-year high.

Spot gold rose 1.0% to $1,976.14 per ounce by 12:20 p.m. ET, its highest in over two weeks. US gold futures saw a larger gain of 1.5%, trading at $1,977.00 per ounce in New York.