Gold rises amid falling US government bond yields

Gold prices rose on February 17 morning amid a decline in US government bond yields, Report informs.

The price of April gold futures on the New York Comex stock exchange rose by $4.25, or 0.23%, to $1,875.75 per troy ounce. March silver futures fell 0.28% to $23.54 an ounce.

The gold prices were sent higher by a decrease in the yield of US government bonds. Thus, the yield on ten-year US Treasuries fell to 1.991% from the previous closing level of 2.045%.

In addition, traders continue to monitor the geopolitical situation. Traditionally, gold has been considered a safe-haven asset during geopolitical tensions. Against this background, the price of the precious metal rose by almost 4% in 1.5 weeks.