Gold Returns to Losses But Consolidates Above $ 1,700 an Ounce

Gold returned to decline, after recording the largest jump in two months during the previous session, with the increase in US Treasury and dollar revenues, which weakened the yellow metal’s attractiveness.

And gold fell in the spot market 0.23% to 1711.97 dollars an ounce by 10:30 Beirut time.

And the yellow metal fell in US futures 0.43% to 1709.45 dollars an ounce

And US bond yields recovered on Wednesday, reducing the temptation to hold gold as the dollar rebounded.
As for other precious metals, silver fell 0.6 percent to $ 25.75 an ounce, while palladium rose 0.4 percent to $ 2,305.16, while platinum fell 1 percent to $ 1157.29.

Reviewer overview

Gold Returns to Losses But Consolidates Above $ 1,700 an Ounce - /10

Summary

0 Bad!