Gold rises as the dollar declines

Capitals, March 13, 2017 – Gold prices rose this morning, supported by a decline in the dollar and a decline in US Treasury bond yields.

The price of gold in spot transactions rose by 0.7% to $5,112.34 per ounce, but US gold futures contracts for April delivery fell 0.2% to $5,115.80.

The dollar fell slightly, making commodities in which it is priced, such as gold, cheaper for holders of other currencies.

Regarding other precious metals, the price of silver in spot transactions rose 1.5% to $85.03 per ounce. The price of platinum in spot transactions rose 1.3% to $2,159.01, and the price of palladium increased 0.8% to $1,630.71.

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