Gold prices rose in volatile trading on Wednesday, supported by the dollar’s decline and falling US Treasury yields, although strong risk appetite in stock markets limited the precious metal’s gains.
And the price of gold in spot transactions rose 0.2% to $ 1796.55 an ounce (an ounce) by 1747 GMT, after declining by about 0.6% earlier in the session.
And US gold futures rose 0.3% to settle at $1,798.80.
Gold was supported by a 0.2% drop in the dollar index against the major currencies. US 10-year bond yields also fell to their lowest level in nearly two weeks, which reduces the opportunity cost of buying non-yielding gold.
Market players’ attention has now turned to the European Central Bank meeting scheduled for Thursday and the US Federal Open Market Committee meeting on November 3rd.
As for other precious metals, silver fell in spot transactions 0.1% to $ 24.10 an ounce.
Platinum fell 1.4% to $ 1013.50, and palladium fell 2.6% to $ 1959.17.
Follow the economic statement via Google News
Print
Email
Facebook
Twitter
LinkedIn
Pin Interest
Whats App
These were the details of the news Gold rises as US bond yields and the dollar fall for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
