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Gold drops to its lowest level in more than eight months

2021-03-02T08:31:20.560Z

Singapore-SANA Gold prices fell to their lowest level in eight and a half months, as the rise of the dollar undermined the yields of a bond



Singapore-Sana

Gold prices fell to their lowest level in eight and a half months, as the rise of the dollar and US Treasury bond yields undermined investors' appetite for the yellow metal, which yields no return.

Reuters reported that gold fell in the spot market 0.3 percent to 1717.99 dollars an ounce, after plummeting to the lowest level since the 15th of June at 1706.70 dollars earlier in the session.

And gold in futures contracts in the United States fell 0.4 percent to 1716.10 dollars.

As for the other precious metals, silver fell 1.2 percent to $ 26.15 an ounce, and earlier it fell to its lowest level in more than a month.

Palladium lost 0.1 percent to $ 1346.67, and platinum lost 0.1 percent to $ 1174.50.

Source: sena

All business articles on 2021-03-02

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