Gold rises amid Treasury yield decline

18/06/2024 Argaam

Gold prices rose on Tuesday amid a fall in the 10-year US Treasury yields and investor anticipation of US economic data.

 

Gold spot prices edged up 0.1% to $2,320.69 per ounce at 0523 GMT.

 

Gold futures also rose 0.3% to $2,335.30 per ounce.

 

US retail sales data is set to be released at 1230 GMT today, weekly jobless claims data on Thursday, and the purchasing managers' index on Friday.

 

Some Fed officials will issue statements later today, including Austan Dean Goolsbee, President of the Chicago Fed.

 

Silver spot prices fell 0.3% to $29.42 per ounce. Platinum spot prices rose 0.9% to $972.83 and palladium was up 0.5% to $893.18 per ounce.

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