Gold rises to its highest level in two weeks due to the decline in the dollar

Gold prices rose to their highest level in two weeks, today, Tuesday, with the increase in the attractiveness of the precious metal; Due to the decline in the dollar and US Treasury bond yields, risk appetite in financial markets has receded.

And gold rose in spot transactions 0.64 percent to $ 1865.10 an ounce (an ounce) by 19:10 GMT, following hitting its highest level since the ninth of May at $ 1868.69 earlier in the session.

And US gold futures rose regarding one percent, to settle at $1,865.40 an ounce.

The dollar fell to its lowest level in a month, while the US benchmark 10-year Treasury yields fell from their recent highs, which provides a supportive environment for gold.

Among other precious metals, silver rose 1.3 percent in spot transactions to $22.06 an ounce, while platinum fell 0.9 percent to $949.54, while palladium rose 0.5 percent to $2004.10.


Read also:
A jump in gold and oil prices.. and the dollar index fell

Leave a Replay