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Gold Edges Higher Amid Softer Dollar, Lower US Yields Singapore, 5 Aug (ONA) — Gold nudged higher for a fourth session today, supported by a softer dollar and lower Treasury yields as weaker-than-expected US jobs data strengthened expectations of a rate cut in September.
Spot gold was up 0.1% at $3,375.89 per ounce. US gold futures also gained 0.1% to $3,430.40.
The dollar index hovered near a one-week low, making gold more affordable to holders of other currencies. The yield on the benchmark 10-year Treasury note dropped to a one-month low.
Elsewhere, spot silver rose 0.1% to $37.44 per ounce, platinum gained 0.1% to $1,330.31 and palladium was up 0.2% to $1,204.25. — Ends/AH
