New York-Sana
Gold prices fell by about two percent today, as the stronger dollar, increased US Treasury bond yields and hopes for a faster US economic recovery, as vaccination campaigns advanced on demand for the precious metal.
Reuters reported that gold fell in spot transactions 1.73 percent to 1682.30 dollars an ounce, and US gold futures contracts fell 1.7 percent to record at the settlement of 1686 dollars an ounce.
The yield on the US benchmark 10-year Treasury rose to a 14-month peak and the dollar index jumped to its highest level in more than four months.
Among other precious metals, palladium rose 2.2 percent in spot transactions to 2584.40 dollars an ounce, silver fell 3.16 percent to 23.89 dollars an ounce, as well as platinum fell 1.94 percent to 1152.60 dollars an ounce.