Gold rises as the dollar declines
Goldtoday was supported by a decline in the dollar and a decline in US Treasury bond yields.
And it rose The price of gold in spot transactions rose 0.7% to $5,112.34 per ounce, but US gold futures for April delivery fell 0.2% to $5,115.80.
The precious metal has lost 1 percent so far this week, affected by fading hopes for lowering US interest rates in the near term.
The dollar fell slightly, making commodities devalued Like gold, it is cheaper for holders of other currencies, and 10-year US Treasury bond yields declined, which increased the attractiveness of gold, which does not generate a return.
In 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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