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Gold Recovering From a 9-Month Low as US Bond Yields Decline

Adel 9 March, 2021 12:02 pm Commodities, Market Update

Gold prices rose on March 9th, as the metal was boosted by a drop in US Treasury yields, after the previous session recorded its lowest level in nine months.

The spot price of gold was up 0.7% to $1692.21 an ounce. Prices were down more than 1% on Monday to $1676.10, their lowest level since June 5th.

The US gold futures rose 0.7% to $1690.30 an ounce.

Silver rose 0.8% to $25.30 an ounce. Palladium advanced 0.3%, recording $2322.68, and platinum rose 0.8% to $1144.49 an ounce.

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