Gold firms near one-month peak on softer dollar, slowdown worries

The yield on 10-year Treasury notes also slipped, reducing the opportunity cost of holding non-interest bearing gold. The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming

Gold firms near one-month peak on softer dollar, slowdown worries
The yield on 10-year Treasury notes also slipped, reducing the opportunity cost of holding non-interest bearing gold. The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming