Gold is near its highest level in a month as a result of geopolitical tensions and a decline in US Treasury yields
Capitals, February 28 / WAM / Gold prices today approached their highest level in a month and are heading towards achieving gains for the seventh month in a row, supported by geopolitical tension and the decline in US Treasury bond yields.
Gold rose in instant transactions by 0.8 percent to $5,230.56 per ounce by 1838 GMT, and was recorded at 18:38 GMT.
Previously from the session, the highest level since January 30, and its price has risen 7.6 percent so far in February.
US gold futures for April delivery rose 1 percent to $5,247.90 at settlement.
US 10-year Treasury bond yields fell to their lowest level in three months today, leading to a decline in opportunity costs.
Alternatives to preserving the precious metal. Data showed that producer prices in the United States rose more than expected in January, indicating that inflation has risen
It will rise in the coming months.
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