Gold Rises on Lower US Treasury YieldsSingapore, 30 Jul (ONA) — Gold prices edged up today, supported by lower Treasury yields and a slight pullback in the US dollar, while investors await the US Federal Reserve’s policy statement later in the day for guidance on future monetary policy path.
Spot gold was up 0.1% at $3,329.27 per ounce, and US gold futures rose 0.1% to $3,326.90.
The US dollar index retreated from a more than one-month high, while benchmark 10-year Treasury yields hovered near a one-month low.
Spot silver fell 0.1% to $38.14 per ounce, platinum lost 0.6% at $1,386.31, and palladium rose 0.4% to $1,262.99.— Ends/Khalid
