Gold prices rose by more than 1% today, Monday, in the highest rise in more than a week, due to the decline in the dollar and US Treasury bond yields, while silver jumped due to strong demand for it, heading towards achieving its highest daily gain since February last year, according to Archyde.com”.
And the price of gold in spot transactions rose 1.7 percent to $ 1687.99 an ounce, the highest level since September 22.
US gold futures rose 1.5 percent to $1,696.70.
The price of silver jumped 7.6% to $ 20.44 an ounce.
The dollar index, which measures the performance of the US currency once morest six major currencies, fell, making the dollar-denominated gold price less expensive for overseas buyers. The 10-year US Treasury yields also fell to the lowest level in a week, which also supported the demand for gold.
As for other precious metals, the price of palladium jumped 4.2 percent to $ 2248.15, and platinum 4.5 percent to $ 897.49 an ounce.
