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Gold price hike

2021-07-20T09:05:11.498Z


London, SANA- Gold prices rose today, supported by lower US bond yields and fears of a continuous rise


London-Sana

Gold prices rose today, supported by lower US bond yields and concerns about a continuous rise in infections with the mutated strain Delta, but the rise of the dollar curbed the gains of the yellow metal.

And Reuters reported that gold rose in spot transactions 0.2 percent to $1815.61 an ounce, after hitting its lowest level in a week at $1794.06 in the previous session, and US gold futures gained 0.5 percent to $1817.90.

"The gold market is taking a breather because of the very low yields, but gold is competing with the dollar for safe haven demand, so this will limit the bullish momentum in the short term," said Stephen Innes, managing partner at SBI Asset Management.

As for other precious metals, silver fell 0.3 percent to $25.12 an ounce, palladium gained 0.5 percent to $2607.38, and platinum settled at $1075.52.

Source: sena

All business articles on 2021-07-20

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