15 Hrs
Source:
وكالة الأنباء القطرية
Gold Gains Ahead of U.S. Rate Decisions
Gold prices rose in the Asian market by more than 1%, supported by a decline in the dollar, falling U.S. Treasury yields, and a drop in oil prices, amid investor anticipation over the trajectory of U.S. interest rate hikes. Spot gold increased by 1.1% to reach $4,177.44 per ounce, while U.S. futures contracts held steady at the same rate, settling at $4,202. Other precious metals also saw gains, with silver climbing 1.4% to $60.16, platinum rising 2.6% to $1,676.67, and palladium increasing 2.8% to $1,154.70, despite heading into the weekend with overall losses. The dollar declined, and 10-year U.S. Treasury yields fell for the second consecutive session, further boosting gold's appeal as a store of value for other currencies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)