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Gold Prices Surge to Highest Level in a Month on Weakening Dollar and Lower Treasury Bond Yields

Gold prices rose today, more than 1 percent, to their highest level in more than a month, supported by the decline in the dollar and US Treasury bond yields.

Gold in spot transactions rose 1.3 percent to $ 1979.19 an ounce, after it recorded its highest level since last May.

US gold futures rose 1.5 percent to $1,985.20.

The dollar index hit its lowest level in more than a year, making gold less expensive for holders of other currencies.

US Treasury yields fell for the second day in a row.

As for other precious metals, silver rose in the spot market 0.9 percent to $ 25.07 an ounce, while platinum increased 0.8 percent to $ 983.54, and palladium jumped 2.9 percent to $ 1321.94.

2023-07-18 18:53:00
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