Gold rises with the decline in the dollar and US Treasury...

Gold prices rose on Tuesday, supported by a decline in the dollar and US Treasury yields, while investors awaited the release of inflation data for December this week, which may support a decision by the Federal Reserve (the US Central Bank) to raise interest rates sooner than later. Expected.
And the price of gold in spot transactions rose 0.3 percent to 1806 dollars an ounce (an ounce) by 02:32 GMT.
And the price of gold in US futures contracts rose 0.3 percent to 1804.90 dollars.
And US Treasury yields for 10 years fell to 1.778 percent, down from the highest level in two years recorded in the previous session of 1808 percent.
Investors are now awaiting inflation data due on Wednesday. The data is expected to show the core US consumer price index rose to its highest level in decades to 5.4 percent in December, from 4.9 percent in the previous month.
Some investors consider gold as a hedge against high inflation, but it is vulnerable to rising US interest rates, which increase the opportunity cost of holders of the non-returnable yellow metal, while the rise of the dollar makes the precious metal expensive for holders of other currencies.
In other precious metals markets, the price of silver in spot transactions rose 0.4 percent to $22.55 an ounce, platinum rose 1 percent to $949.28 an ounce, and palladium increased 0.5 percent to $1,921.74.

These were the details of the news Gold rises with the decline in the dollar and US Treasury... 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.

PREV FII Priority: Leaders in Miami and the Kingdom are fostering environments for growth and talent
NEXT US Fed holds key rate steady for fourth straight meeting

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]