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Gold prices fall

2021-07-21T10:26:22.862Z

Singapore, SANA- Gold prices fell today, heading towards incurring losses for the second consecutive session, as it received gains



Singapore-Sana

Gold prices fell today, heading towards incurring losses for the second consecutive session, as gains in the dollar and the recovery of US Treasury bond yields overshadowed the metal's attractiveness as a safe haven, amid concerns about the rapidly spreading mutating delta from the Corona virus.

Reuters reported that the spot price of gold fell 0.2 percent to $1805.81 an ounce, and US gold futures fell 0.3 percent to $1805.50.

The US dollar approached its highest levels for the year and the bonds continued their rally today as the rapid spread of delta rather than inflation became the main concern for investors.

As for other precious metals, silver rose 1.1 percent to $25.17 an ounce, palladium rose 1.2 percent to $2665.58, and platinum rose 0.7 percent to $1073.21 an ounce.

Source: sena

All business articles on 2021-07-21

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