settled gold pricesToday, Tuesday, as the dollar’s decline supported demand for the precious metal, the effect of this decline outweighed the increase in the yield on Treasury bonds.
And gold rose in spot transactions in its latest transactions 0.1% to $ 1825.29 an ounce, while US gold futures rose 0.6 percent to $ 1825.60 an ounce, according to “Archyde.com”.
The dollar index stabilized following retreating from its highest level in nearly 20 years on Monday.
And the dollar’s decline increases the attractiveness of gold to buyers of other currencies.
But the yield on US 10-year Treasury bonds increased, which limited the demand for non-interest-bearing gold.
As for other precious metals, silver fell 0.2% to $21.56 an ounce.
Platinum settled at $945.76 an ounce, while palladium fell 1.2 percent to $2002.17 an ounce.
