Gold Prices Fall As US Bond’s Yields Rise

Dubai – (Massader News)

Gold prices fell on Wednesday, and metal futures fell by 0.2% to $ 1311.1 an ounce, as yields on US bonds rose, according to a report published by Mubasher.

The price of spot metal delivery declined by 0.1% to $ 1311.5 per ounce.

  The yield on US Treasuries rose yesterday, as Japan’s central bank decided to cut its bond purchases and the US dollar rising, according to Mubasher.

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