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Gold prices fell marginally during trading today, Tuesday, amid the rise in the yield on US 10-year Treasury bonds to the highest level in two years, and with the follow-up to developments in monetary policy.
Investors’ eyes are still heading towards the Federal Reserve’s monetary policy meeting, scheduled for the twenty-fifth and twenty-sixth of this month, after bank officials hinted that it might start raising interest rates in March, in light of the acceleration of inflation.
The yield on US 10-year Treasury bonds rose to a two-year high during Tuesday’s trading, in a sign that investors are preparing for more aggressive measures by the Federal Reserve.
In terms of gold prices, the futures contracts for gold for February delivery decreased by 0.24% at $1812.20 an ounce, during trading, and the spot price for the yellow metal fell by 0.36%, to record $1812.67 an ounce.
