UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Gold Extends Gains for 3rd Consecutive SessionSingapore, 14 Aug (ONA) — Gold prices rose for the third consecutive session today, supported by a weaker dollar and lower Treasury yields as traders’ bets on a US interest rate cut in September increase.
Spot gold rose 0.4% to $3,367.53 per ounce, and gold futures for December delivery added 0.3% to $3,416.70.
The dollar fell to near multi-week lows against rival currencies, making gold cheaper for holders of other currencies, while 10-year US Treasury yields held near their lowest levels in a week.
As for other precious metals, spot silver rose 0.2% to $38.56 per ounce, platinum fell 0.1% to $1,338.33, and palladium rose 1.3% to $1,136.70. —Ends/AG
