Gold hits 3-week high as dollar and bond yields fall

Gold prices hit a three-week high on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal.

And gold rose in immediate transactions 2.5 percent to $ 1707.20 an ounce (an ounce) by 0725 GMT, after earlier touching the highest level since September 13 at $ 1710.39.

US gold futures rose 0.9 percent to $1,717.60.

The dollar index fell 0.5%, making gold less expensive for buyers abroad. Ten-year US Treasury yields also fell.

As for other precious metals, the price of silver in spot transactions jumped by one percent to $20.96 an ounce, after hitting its highest level since June in earlier transactions.

The price of palladium also jumped by as much as 4.2 percent before recording an increase of 3.3 percent in the latest trading to $ 2294.79, and platinum rose 1.2 percent to $ 912.85 an ounce.