Gold Rises as Dollar, Treasury Yields FallSingapore, 11 Mar (ONA) — Gold rose today on weak dollar and
Treasury yields, as investors awaited inflation data to assess the
Federal Reserve’s policy path amid simmering trade tensions and fears
of economic slowdown.
Spot gold rose 0.3% to $2,898.27 an ounce, while US gold futures
firmed 0.1 to $2,902.50.
The dollar index hovered near a four-month low hit last week,
making bullion less expensive for overseas buyers, while benchmark
10-year US Treasury yields fell.
Investors now await US Consumer Price Index (CPI) data due tomorrow (Wednesday) to analyse the Fed’s interest rate stance.
Spot silver added 0.3% to $32.19 an ounce, platinum was steady
at $957.89 and palladium lost 0.3% to $940.47.— Ends/Khalid
