Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus.<\/p>\n\n\n\n
The spot price of gold fell 0.2 percent to $1,805.81 an ounce. US gold futures fell 0.3 percent to $1,805.50.<\/p>\n\n\n\n
“Treasury yields look a little stronger, and (European) stock markets are a bit better bet, which is taking away the luster of gold,” said Michael Hewson, chief market analyst at CMC Markets UK.<\/p>\n\n\n\n
The US dollar approached its highest levels for the year, and bonds continued their rally today, as the pick-up in cases of the Delta variant of the coronavirus, not inflation, became the main concern for investors.<\/p>\n\n\n\n
The US Treasury yields rebounded after hitting their lowest level in more than five months during the previous session.<\/p>\n\n\n\n
European stocks rose ahead of Thursday’s European Central Bank meeting, which is expected to convey an easing tone.<\/p>\n\n\n\n
Silver rose 1.1 percent to $25.17 an ounce. In other precious metals, palladium advanced 1.2 percent to $2665.58, and platinum rose 0.7 percent to $1073.21 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus. The spot price of gold fell 0.2 percent to $1,805.81 an ounce. 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-48557","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\/48557","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=48557"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48557\/revisions"}],"predecessor-version":[{"id":48558,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48557\/revisions\/48558"}],"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=48557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}