Gold futures rebound at $ 2.40.

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Gold price futures adjustment Friday’s close (Feb. 19) gained $ 2.40 amid a weaker dollar. And an increase in US government bond yields.

Comex Gold Contract Delivered in April. Plus $ 2.40 to close at $ 1,777.40 / oz.

However, gold prices plunged to their lowest in seven months in the first place. Pressed by the rebound in US government bond yields. But the dollar’s depreciation has subsequently prompted investors to buy into the market.

A weaker dollar increases the attractiveness of gold. By making gold contracts cheaper for holders of other currencies

The increase in US government bond yields. It will increase the cost of the opportunity to lose gold. Because it is an asset that has no return in the form of interest.

Analysts state that If the market fails to maintain the $ 1,765 level, the price of gold will continue to bear down.

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