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Gold Maintains Gains for Third Day in Row

M. Ali 11 March, 2021 11:52 pm Commodities, Market Update

Gold prices continued to rise on Thursday for the third consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields.

The yellow metal registered limited gains today, as recent inflation data eased reflation concerns and improved risk sentiment among investors.

Gold futures for April delivery rose by $0.80, or less than 0.1%, to settle at 1,722.60

The $1,700 level is now seen as the key support level for the yellow metal, which could be heading towards $1,730 as bond yields continue to retreat.

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