Gold Rises as Dollar, US Bond Yields Decline
18 Articles
18 Articles
A fall in the price of the US dollar led to a stronger demand for gold – and thus the price of precious metals again increased significantly on Thursday. At the London stock exchange, the fine ounce (about 31.1 grams) was traded at 4489 US dollars (3877 euros) and 100 dollars higher than the previous day.
Gold prices rebounded after a three-day decline. Supported by a weaker dollar and falling bond yields, gold signaled a recovery ahead of US employment data and the Federal Reserve's interest rate decision, which are key market focus.
The price of gold has risen today - Thursday - as the dollar and the proceeds of United States Treasury bills have declined, while investors are expecting non-agricultural data that may help shape interest expectations.
Gold and silver prices jump 1% on MCX amid a decline in US dollar, bond yields; experts highlight key levels to watch
Gold and silver prices jumped by up to 1% in morning deals on the MCX on Thursday. MCX gold October futures were 0.75% up at ₹1,53,542 per 10 grams, while MCX silver December contracts were 0.88% up at ₹2,38,340 per kg around 9:15 AM.
Lower US Treasury yields provided additional support to gold.
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