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Gold Touches a High of 1825

Adel 14 July, 2021 4:35 pm Breaking News, Commodities, Market Update

Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar

Gold touches a high of 1825 as we mentioned in our morning report after it got the bullish momentum at 1797 taking advantage of falling USD.

The yellow metal rose after a confrontation against the US dollar after inflation data, and investors resorted to it as a hedge against inflation.

The dollar index fell 0.2%, after posting its best daily percentage gain in nearly a month on Tuesday. Ten-year Treasury yields also fell.

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