The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields.<\/p>\n\n\n\n
Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 at $1783.55 on Friday.<\/p>\n\n\n\n
US gold futures fell 0.1% to $1777.80 an ounce.<\/p>\n\n\n\n
The dollar index fell to a low of nearly a month against rival currencies, making gold less expensive for holders of other currencies.<\/p>\n\n\n\n
And the yield on the US benchmark 10-year Treasury bonds fell to the lowest levels in several weeks that touched it last week. Lower bond yields reduce the opportunity cost of zero-yielding gold.<\/p>\n\n\n\n
As for the other precious metals, silver fell 0.6% to $25.79 an ounce after hitting a peak of nearly a month in the previous session. Palladium rose 0.2% to $2,782.68, while platinum rose 0.1% to $1,204.12.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields. Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 at $1783.55 on Friday. US …<\/p>\n","protected":false},"author":9,"featured_media":39127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6874],"class_list":["post-44600","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=44600"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44600\/revisions"}],"predecessor-version":[{"id":44601,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44600\/revisions\/44601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39127"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}