Gold rises with the decline in the dollar and US bond yields – Al-Manar TV website – Lebanon

Gold rises with the decline in the dollar and US bond yields – Al-Manar TV website – Lebanon
Gold rises with the decline in the dollar and US bond yields – Al-Manar TV website – Lebanon

Gold prices rose on Tuesday as the dollar and US Treasury bond yields fell, which provided some support to the precious metal despite the trend of central banks to ease economic stimulus measures.

And gold rose in spot trading by 0.7% to $ 1776.03 an ounce by 06:20 GMT. US gold futures rose 0.7% to $1,778.20 an ounce.

The dollar index and US bond yields

The dollar index hit its lowest level in two weeks, making gold less expensive for buyers of other currencies. The benchmark 10-year US Treasury yields fell, lowering the opportunity cost of buying non-yielding gold.

Other precious metals
For other precious metals, silver rose in spot trading 1.6% to $23.53 an ounce. Platinum rose 1.5 percent to $ 1050.84, and palladium rose 1.8 percent to $ 2051.22.

Source: Reuters

Source

Gold rises decline dollar bond yields AlManar website Lebanon

 
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