Gold Climbs 0.7% as Dollar Weakens

Charissa Swanepoel
1 Min Read

Capitals: SiltaNews – News Desk

Gold prices rose this morning, supported by a weaker dollar and declining US Treasury yields. Spot gold increased by 0.7% to US$5,112.34 per ounce, while US gold futures for April delivery fell 0.2% to $5,115.80.

The dollar edged lower, making dollar-denominated commodities such as gold cheaper for holders of other currencies. As for other precious metals, spot silver rose 1.5% to $85.03 per ounce. Platinum gained 1.3% in spot trading to $2,159.01, while palladium increased 0.8% to $1,630.71.

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