Gold settled on Thursday, supported by a slight decline in the yield on US Treasury bonds and pressured by the dollar’s rise.
And by 03:05 GMT, gold settled in spot transactions at $ 1844.57 an ounce.
US gold futures fell 0.1% to $1,846.80 an ounce.
The yield on US Treasury bonds for ten years fell, which boosted the demand for the precious metal, which does not yield interest.
But the stability of the dollar, following hitting its highest level in more than a week on Wednesday, made gold less attractive to buyers abroad.
Gold is considered a safe haven in times of political and economic uncertainty, but an increase in US interest rates in the short term increases the opportunity cost of holding it.
As for other precious metals, silver fell in spot transactions 0.1% to $21.77 per ounce.
And platinum fell 0.7% to $989.50 an ounce.
And palladium rose 0.2% to $ 2001.15 an ounce.
Source: cnbcarabia
