Baku 20° 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
00:04
Azerbaijan, Portugal discuss trade missions and investment opportunities
Foreign policy
00:01
Rubio, Ambanis discuss energy and data centers
Other countries
23:36
Photo
Leyla Aliyeva tours Eternal City complex, meets Emine Erdoğan in Samarkand
Foreign policy
23:29
Wang Yi pledges support for peace in Middle East and Africa
Other countries
23:03
Photo
Azerbaijani missing persons" families meet EU officials in Brussels
Foreign policy
22:48
Why preserving public trust matters in Azerbaijan–Türkiye relations?
Analytics
22:32
Witkoff describes talks with Putin as constructive
Other countries
22:14
Leadership and political responsibility in Baku–Ankara relations -Analysis
Analytics
21:56
Azerbaijani MP says delays to peace treaty threaten regional stability
Foreign policy