vehum dollar index Near the lowest level in seven months, the yield on US Treasury bonds declined. The dollar’s decline increases the attractiveness of the dollar-denominated metal to holders of other currencies.
said Ajay Kedia, director at Kedah Commodities in Mumbai "Gold prices receive a significant support from the decline in the dollar. But from a technical point of view, the bullion is witnessing some resistance around the levels of $ 1880, and therefore it has been locked in a narrow range for several days.".
Investors’ focus remains on the CPI data United State It is scheduled to be announced at 1330 GMT.
As for other precious metals, silver rose 0.8 percent to $23.61 an ounce. Platinum fell 0.2% to $1,068.81 an ounce, while palladium rose 0.7% to $1,786.85 an ounce.
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And by 0650 GMT it increased gold In spot transactions, it rose 0.4 percent to $1,883 an ounce, and US gold futures rose 0.4 percent, to $1,886.30 an ounce.
vehum dollar index Near the lowest level in seven months, the yield on US Treasury bonds declined. The dollar’s decline increases the attractiveness of the dollar-denominated metal to holders of other currencies.
“Gold prices are receiving great support from the dollar’s decline. But technically, the bullion is seeing some resistance around $1,880 levels, so it has been locked in a narrow range for several days,” said Ajay Kedia, director at Kedah Commodities in Mumbai.
Investors’ focus remains on the CPI data United State It is scheduled to be announced at 1330 GMT.
As for other precious metals, silver rose 0.8 percent to $23.61 an ounce. Platinum fell 0.2% to $1,068.81 an ounce, while palladium rose 0.7% to $1,786.85 an ounce.
