Gold Prices Rise As Yields on US Treasury Bonds Decline

Gold prices rose Monday, with the decline in yields on US Treasury bonds, and the market awaiting US data and comments from Federal Reserve (US central bank) officials regarding lowering interest rates. Spot gold prices increased 0.3 percent to $2,327.58 per ounce. US gold futures also rose 0.4 percent to $2,340 an ounce. As for other precious metals, silver in spot transactions increased 0.5 percent to $29.66 per ounce, and platinum rose 1 percent to $1,002.60 per ounce. Palladium also rose 4.1 percent to $987.56 an ounce. Source: Qatar News Agency