Arab News Headlines

Gold Rises as Dollar, US Treasury Yields Slip

Singapore, – Gold prices edged up on Thursday, buoyed by a weaker US dollar and Treasury yields after the Federal Reserve held interest rates steady and as investors stepped up bets that the central bank may be done with rate hikes.

Spot gold was up 0.1% to $1,983.77 per ounce. US gold futures gained 0.2% to $1,991.80.

The dollar index was down 0.5%, while benchmark US 10-year note yields fell to a more than two-week low.

Spot silver was steady at $22.98 per ounce, platinum rose 0.6% to $926.08 and palladium rose 1% to $1,114.02.

Source: Qatar News Agency