Gold, Silver and Platinum Prices Rise in Global Markets at Start of Week
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Gold started the day lower, trading at 6,572 Turkish Lira per gram. Geopolitical tensions and the economic data agenda are affecting the markets.
Gold is up 0.4%, with its price reaching $4,181 per ounce. At the same time, the decline in US government bond yields provides support to the precious metal. Thus, gold is gaining ground, while oil is falling. Bond yields support gold Gold does not pay interest. Therefore, lower bond yields limit the opportunity cost for those who choose the precious metal. In this particular trading snapshot, the price remains positive and exceeds $4,180. Palla…
Gold, Silver and Platinum Prices Rise in Global Markets at Start of Week
NEW YORK: Gold and other precious metals recorded gains at the start of the trading week, with prices of gold, silver, platinum and palladium moving higher in global bullion markets. Spot gold rose 0.3% to $4,175.60 per troy ounce, while US gold futures for December delivery gained 0.4% to reach $4,196.40 per ounce. The prices […]
Gold prices started the day higher as the dollar and oil prices declined and global risk appetite increased.
The price of gold per ounce started the week at $4,177, while the price of gold per gram started at 6,654 TL.
Globally, the price of gold starts the new week at $4,177 per ounce and 6,654 TL per gram as of 06:05 Turkish time. A limited upward trend compared to Friday's close is noticeable. The decline in expectations of a US Federal Reserve interest rate hike in October, falling bond yields, and increased geopolitical risks in the Middle East and along the Russia-Ukraine line are supporting the price of gold.
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