Gold rises amid falling U.S. yields
Gold prices rose slightly by 0.3% to $4,357.31 an ounce amid a decline in U.S. Treasury bond yields, as the Federal Reserve continues to raise interest rates to tackle inflation, indicating the possibility of further increases soon. Although gold is considered a hedge, its appeal diminishes as interest rates rise. Geopolitical tensions, especially in Yemen, continue to impact the markets. Additionally, other precious metals saw gains, with silver, platinum, and palladium increasing by between 0.7% and 0.8%.
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