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Gold is rising as US Treasury yields decline and palladium hovers near record highs

2021-05-06T15:20:10.975Z

New York-SANA Gold prices rose today with the decline in the dollar and US Treasury yields, while the poverty remained



New York-Sana

Gold prices rose today with the decline in the dollar and US Treasury yields, while palladium remained near record highs, supported by concerns about a shortage of supply.

Reuters reported that the price of gold in spot transactions rose 0.3 percent to 2975.10 dollars an ounce in the late trading session, after it fell about 0.8 percent in yesterday's session.

The US gold futures contract increased 0,5 percent to settle at $ 1,784.30 an ounce.

The yield on US Treasury bonds for ten years fell from high levels recorded earlier, while the dollar index fell from its highest level in two weeks, which helps support the yellow metal.

Among other precious metals, palladium fell 0.36 percent to $ 2972.80 an ounce, after hitting its highest level ever at $ 3017.18 yesterday, supported by concerns about a shortage of the metal used in car exhaust purifiers to reduce emissions.

Silver fell 0,34 percent to $ 26,44 an ounce, while platinum fell 1 percent to $ 1224,80 an ounce.

Both minerals hit their highest levels in more than two months yesterday.

Source: sena

All business articles on 2021-05-06

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