Home » Economy » Gold falls as US Treasury yields rise | latest news

Gold falls as US Treasury yields rise | latest news

The price of gold revised today, Monday, June 13, following rising to its highest level in a month earlier in the session following strong inflation data in the United States raised Treasury yields and reduced the attractiveness of safe-haven gold.

And the price of gold in spot transactions fell 0.5% to $ 1862.29 an ounce (an ounce) at 02:05 GMT.

US gold futures fell 0.5% to $1,866.80.

And gold reached its highest level since the ninth of May, earlier in the session, when it recorded $ 1877.05 an ounce.

But the benchmark 10-year US Treasury yields also rose to their highest level since May 9, affecting gold demand.

As for other precious metals, silver fell in spot transactions by 1.1 percent to $21.63 an ounce, platinum fell 1.5 percent to $958.51 and palladium fell 2.1 percent to $1894.72.

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