Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar.<\/p>\n\n\n\n
And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by 0825 GMT.<\/p>\n\n\n\n
US gold futures fell 0.9 percent to $1,936.<\/p>\n\n\n\n
The benchmark 10-year US Treasury yield rose today again from the 2.4 percent level, after falling to its lowest level in a week during the previous session.<\/p>\n\n\n\n
Higher returns increase the opportunity cost of holding gold.<\/p>\n\n\n\n
The dollar rose for the second consecutive session, which undermined the attractiveness of gold, priced in it.<\/p>\n\n\n\n
Gold is heading for a weekly loss of about 1.4 percent, after it fell earlier in the week, amid signs of progress in talks between Russia and Ukraine.<\/p>\n\n\n\n
Silver fell in spot transactions 0.5% to record $24.65 an ounce, and it is on its way to a weekly decline.<\/p>\n\n\n\n
Platinum rose 0.1 percent to $984.56, while palladium advanced 0.6 percent to $2,274.34. And the two metals are heading for their fourth consecutive weekly loss.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold fell on Friday and is heading for a weekly decline, as the rise in Treasury yields affected the attractiveness of the non-yielding metal, and increased pressure on it due to the rise of the dollar. And gold fell in spot transactions 0.4 percent to $ 1929.90 an ounce by 0825 GMT. US gold futures …<\/p>\n","protected":false},"author":9,"featured_media":61079,"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":[38,37,36],"tags":[6874,6984],"class_list":["post-63078","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63078","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=63078"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63078\/revisions"}],"predecessor-version":[{"id":63079,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63078\/revisions\/63079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61079"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}