Gold Stabilizes Near $1,900 Level

Industry

Gold prices rose on Wednesday, as a slight pullback in US dollar and Treasury yields helped bullion stabilize near a key $1,900 level.

Spot gold was up 0.1% at $1,900.09 per ounce, while US gold futures rose 0.1% to $1,928.60.

The dollar index fell from its highest level in two months, while the rise that pushed US Treasury yields to their highest levels in almost 16 years stopped, and this contributed to providing limited support for gold that does not enjoy a return.

As for other precious metals, spot silver gained 0.4% to $23.49 an ounce, platinum rose 0.1% to $920.04, and palladium settled at $1,260.23.

Source: Qatar News Agency