Gold Rises With The Decline in The Dollar And US Bond Yields

Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose,

Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to ease economic stimulus measures.

Gold rose in spot trading by 0.7% to $ 1776.03 an ounce by 06:20 GMT. US gold futures rose 0.7% to $1,778.20 an ounce.

The dollar index and US bond yields

The dollar index hit its lowest level in two weeks, making gold less expensive for buyers of other currencies. The benchmark 10-year US Treasury yields fell, lowering the opportunity cost of buying non-yielding gold.