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Gold jumps more than 2% as US Treasury and dollar yields decline
Gold prices jumped more than 2% during trading Tuesday, recovering from its lowest level in nine months, which it recorded in the previous session, with the decline in US Treasury bond yields and the dollar.
Spot gold rose 2.1 percent to $ 1716.11 an ounce by 1515 GMT, after it had plunged in Monday’s session to $ 1676.10 an ounce, its lowest level since the fifth of June.
US gold futures rose 2.2 percent to $ 1715.40 an ounce.
The yield on US Treasury bonds for ten years fell from its highest level in more than a year recorded last week, while the dollar index fell.
Among other precious metals, silver jumped 3.4 percent to $ 25.95 an ounce, platinum rose 3.3 percent to $ 1173.35 an ounce, while palladium fell about 1 percent to $ 2,293.11 an ounce.
