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Sharjah24
Gold poised for first five-month rise
Gold rose today, Friday, marking its first monthly gain in five months, despite a slight decline of 0.2% in spot trading to reach $4,096.29 per ounce, supported by an approximately 1.1% positive weekly performance. US gold futures for August delivery also increased by 0.1% to $4,094.10. Meanwhile, other precious metals experienced mixed movements, with silver remaining steady at $58.98, and platinum dropping by 1.3% to $1,638.97. These developments are influenced by rising US Treasury bond yields and escalating tensions in global markets.
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