Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold yields as dollar softens

Category: Economy

Date: 2021-04-19T08:55:15+0000
Gold yields as dollar softens

Shafaq News/ Gold edged higher on Monday, hovering near a seven-week peak hit in the previous session, as a weaker dollar and lower U.S. Treasury yields supported prices.

Spot gold was up 0.1% at $1,777.65 per ounce by 0450 GMT, after hitting its highest since Feb.25 at $1,783.55 on Friday.

U.S. gold futures were steady at $1,777.80 per ounce.

The dollar index was languishing near a one-month low against its rivals, making gold less expensive for other currency holders.

Benchmark U.S. 10-year Treasury yields edged lower towards multi-week lows touched last week. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold.

Silver fell 0.6% to $25.79 per ounce after hitting a near one-month high in the last session. Palladium rose 0.2% to $2,782.68, while platinum gained 0.1% to $1,204.12.

related

Gold prices inch up in Iraq today

Date: 2021-08-17 09:04:15
Gold prices inch up in Iraq today

Gold prices rise within a narrow trading range

Date: 2020-09-22 08:51:32
Gold prices rise within a narrow trading range

Gold on back foot as dollar strengthens after Fed minutes

Date: 2021-07-08 07:18:42
Gold on back foot as dollar strengthens after Fed minutes

Gold prices in the Iraqi local markets today

Date: 2021-11-15 09:20:24
Gold prices in the Iraqi local markets today

Gold gains as U.S. jobs data, virus fears fuel stimulus hopes

Date: 2020-11-26 07:43:19
Gold gains as U.S. jobs data, virus fears fuel stimulus hopes

PRECIOUS-Gold edges off 1-month low as Evergrande stokes risk aversion

Date: 2021-09-20 15:12:28
PRECIOUS-Gold edges off 1-month low as Evergrande stokes risk aversion

PRECIOUS-Gold nears $1,800 level as U.S. dollar, yields lose ground

Date: 2021-04-22 07:47:17
PRECIOUS-Gold nears $1,800 level as U.S. dollar, yields lose ground

Gold prices climb in the Iraqi capital

Date: 2021-10-21 09:45:28
Gold prices climb in the Iraqi capital