Minor Decline in Gold Prices as US Dollar, Treasury Yields RiseSingapore, 27 Feb (ONA) —- Gold prices dropped in early trade today under pressure from the rise of the US dollar and Treasury
yields, while investors await an important inflation report to assess
the Federal Reserve’s monetary policy path.
Gold prices fell by 0.1% in spot transactions, reaching $2912.94 per
ounce, while US gold futures declined by 0.1% to $2927.20.
Meanwhile, the dollar index rose by 0.2%, moving away from its
lowest levels in 11 weeks, and US 10-year Treasury yields recovered
from earlier losses.
As for other metals, silver remained steady at $31.84 per ounce,
platinum decreased by 0.1% to $964.95, and palladium dropped by 0.1%
to $926.03.—- Ends/Khalid
