December 21, 2023
Singapore, December 21 (QNA) Gold prices rose today, supported by a decline in the dollar and a decline in US Treasury bond yields, with traders awaiting US economic data in search of more evidence regarding the monetary policy expectations of the Federal Reserve (the US central bank).
Gold in instant transactions rose 0.4 percent to $2,036.60.
US gold futures also rose 0.1 percent to $2,048.60.
The yield on US 10-year bonds settled near the lowest level in five months that it touched yesterday, Wednesday, after British inflation fell last November, to its lowest level in more than two years.
The dollar fell 0.1 percent against its competitors, making gold less expensive for holders of other currencies.
As for other precious metals, silver rose in spot transactions 0.6 percent to $24.28 per ounce, platinum increased 0.8 percent to $965.94, and palladium rose 0.4 percent to $1,200.73.
key words
Economy, global
2023-12-21 08:10:56
#Gold #prices #rise #dollar #declines
