The rise in gold prices with the decline in the yield of Treasury bonds .. and an ounce at 1719

Gold prices rose on Thursday as the yield on Treasury bonds fell, but gains were limited following strong US economic data boosted expectations that the Federal Reserve will continue to raise interest rates.

And by 01:44 GMT, gold rose in spot transactions 0.2% to $ 1719.19 an ounce.

US gold futures rose 0.5% to $1,728.50 an ounce.

The yield on the 10-year US Treasury fell following hitting the highest level in one day since September 26 on Wednesday, while the dollar index was stable.

The US Federal Reserve is committed to controlling inflation with further rate hikes, said Mary Daly, president of the Federal Reserve in San Francisco, on Wednesday, but she said the central bank would not continue to do so if the economy began to falter.

As for other precious metals, silver fell in spot transactions 0.3% to $20.64 an ounce.

Platinum settled at $919.11 an ounce, and palladium rose 0.7% to $2,262.32 an ounce.

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