© Reuters. Gold bars of one kilogram each in a gold and silver factory in Mandrisio, Switzerland. Photograph: Dennis Balibows-Reuters.
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(Reuters) – They rose more than 2% on Monday as U.S. Treasury yields plummeted as a recent drop in the precious metal tempted investors to buy, and they also jumped into what could be its biggest gain. daily since the end of 2008.
The price rose 2.3 percent to $ 1698.48 an ounce by 1939 GMT, which may be the largest daily gain since March 8.
US gold futures were up 1.8% to stand at $ 1,702.
Silver jumped 8.8% to $ 20.67 an ounce, the highest since mid-August.
The dollar fell, making US-denominated gold less expensive for overseas buyers. Ten-year yields also fell to their lowest level in more than a week, which also bolstered the demand for gold.
For other precious metals, the price of platinum jumped 2.9 percent to $ 2,219.83, and platinum nearly five percent to $ 901.52 an ounce.
(Prepared by Mustafa Saleh and Muhammad Ali Farag for the Arab Bulletin)
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