Gold prices rose more than 1%, the highest gain in more than a week, due to the decline in the dollar and US Treasury yields, while silver rebounded due to strong demand, approaching the maximum daily gain since February. last year, according to Reuters.
And she said that “spot gold rose 1.7 percent to $1,687.99 an ounce, the highest level since September 22, while U.S. gold futures rose 1.5 percent to $1,696.70. and the price of silver jumped 7.6 percent to the dollar. 20.44 oz.”
The dollar index, which measures the behavior of the US currency against six major currencies, fell, making the dollar-denominated price of gold less expensive for buyers abroad, and the yield on 10-year US Treasuries fell to its lowest level in a week, which also supported demand for gold, and for metals. Other precious metals, the price of palladium jumped 4.2 percent to $2,248.15 and platinum 4.5 percent to $897.49 an ounce.
Source: El Iktisad
