Gold prices fell today, Tuesday, with the rise in yields of Treasury bonds and the dollar, as precious metals were traded in a narrow range, as investors await more signals to assess the course of the Federal Reserve’s policy (the US Central Bank).
Gold in the spot market fell 0.2 percent to $1957.50 an ounce by 1406 GMT, while US gold futures remained little changed at $1974.40.
The dollar index rose as well as the yield on ten-year Treasury bonds, which made dollar-priced gold, which does not generate a return, less attractive.
As for other precious metals, silver rose 0.8 percent to $23.41 an ounce, while platinum settled at $1,030.52. Palladium also rose 0.9 percent to $1,400.53.
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