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Gold Maintains Gains and Records First Rise in Five Sessions

M. Ali 9 March, 2021 11:22 pm Commodities, Market Update

Gold prices finished Tuesday’s trading session with strong gains, supported by the decline of Treasury bond yields and the U.S. Dollar (USD), recording its first gain after four consecutive declines.

The rise in the yellow metal prices followed closing at its lowest level since early April 2020 on Monday.

Gold futures for April delivery increased by $38.90, or 2.3%, and closed at $1,716.90 per ounce, in the highest gains for gold’s most-active contract since January 4.

Meanwhile, silver futures for May delivery gained 91 cents, or 3.6%, to finish at $26.183 per ounce.

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