English
Gold rises slightly with the decline of the dollar and US Treasury yields
Gold rose slightly on Monday as its attractiveness improved due to the decline in the dollar and US Treasury yields, while investors await data this week that will help them assess the pace of the economic recovery in the United States.
Spot gold increased 0.1% to $ 1882.20 an ounce in late trading session.
And the price of the precious metal last week reached its highest level since the eighth of January, recording 1889.75 dollars an ounce.
And gold rose in US futures, 0.4%, to record at the settlement of $ 1884.50 an ounce.
Bob Haberkorn, chief market analyst at RJO Futures, said the decline in the dollar and US bond yields is in the interest of gold, adding.
That the rise of the stock market is a counterweight.
The dollar fell 0.2% against a basket of major currencies, and the yield on treasury bonds fell to its lowest level in about two weeks, which reduces the cost of holding the yellow metal that does not yield a return.
Analysts said a sharp fall in the cryptocurrency Bitcoin also gave support to gold prices.
