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Gold prices continue to decline with the rise of the dollar
- Time: 10/06/2021 08:27:51
- Reading: 780 times
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{Economic: Al Furat News} Gold prices fell by as much as 1.2 percent, as the attractiveness of the precious metal as a safe investment haven was affected by the rise in US Treasury yields and the rise in the dollar, while investors awaited important data on jobs in the United States, which is expected to be issued on Friday.
And gold fell in immediate transactions 0.4 percent to 1762.19 dollars an ounce (an ounce) in the late trading session of the American market, its first decline in four sessions.
And the US dollar rose close to its highest level in a year, which it recorded last week, against a basket of its competitors, which makes gold more expensive for holders of other currencies.
The yield on the benchmark 10-year US Treasury bond was last trading at 1.5223 percent, after it jumped last week to its highest level since June at 1.5670 percent.
Among other precious metals, spot silver fell 0.22 percent to $22.61 an ounce, while platinum fell 0.5 percent to $961.93 and palladium rose 0.13 percent to $1,907.43.
US gold futures fell 0.25 percent to $1,763.20 an ounce.
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{Economic: Al Furat News} Gold prices fell by as much as 1.2 percent, as the attractiveness of the precious metal as a safe investment haven was affected by the rise in US Treasury yields and the rise in the dollar, while investors awaited important data on jobs in the United States, which is expected to be issued on Friday.
And gold fell in immediate transactions 0.4 percent to 1762.19 dollars an ounce (an ounce) in the late trading session of the American market, its first decline in four sessions.
And the US dollar rose close to its highest level in a year, which it recorded last week, against a basket of its competitors, which makes gold more expensive for holders of other currencies.
The yield on the benchmark 10-year US Treasury bond was last trading at 1.5223 percent, after it jumped last week to its highest level since June at 1.5670 percent.
Among other precious metals, spot silver fell 0.22 percent to $22.61 an ounce, while platinum fell 0.5 percent to $961.93 and palladium rose 0.13 percent to $1,907.43.
US gold futures fell 0.25 percent to $1,763.20 an ounce.
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