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Gold Futures Rise but Finish Q1 Down 10%

M. Ali 1 April, 2021 11:00 pm Commodities, Market Update

Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States.

The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce.

During the first quarter (Q1) of 2021, the yellow metal most active contracts decline by 10% in its worst quarterly performance in about four years, which is mainly due to the rise in the U.S. Treasury bond yields and a subsequent rise by the USD.

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