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Euro dips; gold and silver fall globally
Gold prices slightly declined on Tuesday, influenced by the rise of the US dollar and US Treasury bond yields. Spot gold fell by 0.3% to $4,128.69 an ounce, impacted by the increase in 10- and 30-year Treasury yields, which reached their highest levels in 24 years. Similar declines were observed in silver and platinum prices. Meanwhile, the dollar continues to post gains, supported by rising bond yields, amid expectations that the Federal Reserve may cut interest rates this month. Data showed a slowdown in US job growth and a decrease in interest rate hike expectations, despite investors still betting on a potential increase in December, which boosts the dollar's appeal and puts pressure on gold prices.
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