4 Articles
4 Articles
Gold prices rose on Friday (August 21), on track for a nearly 5% weekly gain. Volatility in the bond market, a weaker dollar, and renewed concerns about the U.S. debt crisis all contributed to increased demand for the precious metal. (Chart illustration. [Shutterstock])
Gold, silver extend rally as dollar slide offsets higher yields - Kitco PM Report
(Kitco NewsWire) - Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, as a weaker U.S. dollar, fiscal-risk hedging and continued Strait of Hormuz uncertainty kept buyers in precious metals despite another session of elevated Treasury yields. At the time of writing, spot gold was trading near $4,602.99 an ounce, up 1.86%, while spot silver was trading at $68.970, up 1.29% on the session.North American equity markets clo…
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