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Gold Returns to Gains After Five Losses in Row

M. Ali 2 March, 2021 11:00 pm Commodities, Market Update

Gold prices rose on Tuesday, after declining for five straight sessions, amid a decline in Treasury yields that also pushed the U.S. Dollar (USD) lower.

The yellow metal futures for April delivery gained $10.60, or 0.6%, to close at $1,733.60 per ounce.

Gold settled on Monday at its lowest level since June 2020, following five consecutive daily losses that was driven by selling pressures due to the rise in U.S. Treasury yields to their highest level in about a year.

Meanwhile, silver futures for May delivery increased by 20 cents, or 0.8%, to finish at $26.879 per ounce.

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