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Gold is dropping from a 7-week peak as US bond yields recover


London - SANA Gold prices fell today, after hitting a seven-week high in the previous session, with the same


Gold prices fell today after hitting a seven-week high in the previous session, as US bond yields recovered.

Reuters reported that gold fell in the spot market 0.1 percent to $ 1768.1 an ounce after it recorded $ 1789.77 yesterday, the highest level since the 25th of last February.

And gold fell in futures trading in the United States 0.1 percent to 1769 dollars an ounce.

The yellow metal received some support as the dollar index fell to its lowest level in about seven weeks against its competitors, which reduces the cost of gold for holders of other currencies.

As for other precious metals, silver gained 0.3 percent to $ 25.88 an ounce, while palladium lost 0.3 percent to $ 2,803.69 and platinum settled at $ 1205.20.

Source: sena

All business articles on 2021-04-20

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