Gold prices rise despite the strength of the dollar and the increase in bond yields

Despite the rise in the price of the US dollar and the yield on Treasury bonds, gold futures prices rose in trading on Tuesday, after declining during the previous two sessions.

The ongoing trade tensions between the United States and China, and US President-elect Donald Trump’s plans to increase duties on American imports, have strengthened the yellow metal’s appeal as an investment haven.

Increase in the value of the dollar

On the exchange market, the dollar value index against major currencies rose by approximately 0.3% to 108.56 points.

The price of the yellow metal rose by $18.30, or 0.7%, to $2656.70 per ounce for delivery this month.
The price of silver also rose by $0.105, or 0.35%, to $30.447 per ounce for delivery this month.
The price of copper rose by $0.315, or 0.76%, to $4.1585 per pound.