News, Sports, Entertainment

Gold prices are nearing a 3-week low


Gold prices settled near their lowest levels in three weeks today, Thursday, after the announcement of a larger-than-expected increase in US private sector jobs in July, which pushed the dollar and bond yields higher.

And gold settled in spot transactions at $ 1935.20 an ounce, to remain near its lowest level since July 12, recorded in the last session.

US gold futures fell 0.2 percent to $1,970.90.

The dollar index rose to its highest level in four weeks, and the standard ten-year Treasury bond yields recorded their highest levels since November yesterday, Wednesday, after data showed the growth of US private sector jobs, 324 thousand jobs last month.

As for other precious metals, silver in the spot market fell 0.1 percent to $23.72 an ounce, platinum fell 0.4 percent to $917.74, and palladium fell 0.5 percent to $1237.19 an ounce.

Leave A Reply

Your email address will not be published.