Gold rose slightly, today, Friday, with the decline in the yield on US Treasury bonds, but The dollar’s strength put prices on track for the biggest weekly loss in 8 weeks after undermining demand for the precious metal.
Spot gold prices rose 0.2% to $1,744.07 an ounce.
And gold futures in the United States increased 0.1% to $1,740.50, according to “Archyde.com”.
The yield on US 10-year Treasury bonds fell after gains in the previous two sessions, which supported gold, which does not generate fixed interest.
The dollar settled near its highest level since 2002, which kept dollar-denominated gold near a nine-month low hit on Wednesday.
As for other precious metals, silver increased in spot transactions 0.2% to $19.23 an ounce, while platinum rose 0.2% to $874.52 an ounce, but both are heading towards weekly losses.
And palladium rose 0.5% to $ 2000.68 an ounce, and increased by about 2% during the week.