Baku 22° C
Price of gold falls slightly due to yield of US gov't bonds
Finance
- 06 April, 2022
- 05:55
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of gold declined on Wednesday morning under pressure from rising US Treasury yields, Report informs.
The price of June futures for gold on the New York Comex fell by $6, or 0.31%, to $1,921.5 per troy ounce. May futures for silver fell 0.67% to $24.37 an ounce.
The precious metal fell under pressure from the yield of ten-year US Treasuries as an alternative for "safe" investments, which showed an increase of up to 2.631% from the last close level of 2.554%.
According to Daily FX analysts, quoted by the Wall Street Journal, the growth in US government bond yields remains problematic for the precious metal.
Author
Latest News
15:22
Mukhtorkhon Tashkhodjaev: Victories of Azerbaijani Paralympians inspire millions
Individual sports
15:10
L'Opinione: Baku Forum to become a leading platform for intercultural dialogue
Cultural policy
15:03
Leyla Aliyeva meets with First Lady of Zimbabwe in Samarkand
Domestic policy
15:00
Photo
Azerbaijan studies Portugal's experience in ensuring financial stability
Finance
14:53
Average broadband internet speed in Azerbaijan rises nearly 11%
ICT
14:50
Photo
Azerbaijan and Indonesia discuss preparations for OIC Summit in Baku
Foreign policy
14:33
Flu vaccination campaign begins in Azerbaijan
Health
14:25
Leyla Aliyeva attends opening of World Summit on Investing in Children's Well-being in Samarkand
Foreign policy
14:13
Presidents of Azerbaijan and North Macedonia discuss challenges facing global energy sector
Foreign policy