Falling bond yields reflect market worries and lift safe-haven assets, as the market eyes the next Brexit vote
Bengaluru — Gold prices edged up on Wednesday as a lacklustre stock market and falling bond yields reflected worries about a global economic slowdown and lifted safe-haven assets.
The 10-year US treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession. In the latest economic data from the US, home-building fell more than expected in February, while consumer confidence ebbed in March, offering more evidence of a sharp slowdown in economic activity early in the year.
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