GOLD DROPS 2% AS RISING TREASURY YIELDS DAMPEN DEMAND
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Qatar News: Gold is retreating by more than 1% as US Treasury bonds rise.
GOLD DROPS 2% AS RISING TREASURY YIELDS DAMPEN DEMAND
Tue 01 September 2026: Gold prices dropped by about 2% on Tuesday as rising US Treasury yields made interest-free assets such as gold less attractive to investors. Spot gold fell to around $4,357 an ounce by 12:40 GMT, its lowest level since August 19. The decline extended earlier losses after the precious metal slipped below […]
The price of gold has fallen by more than one percent today, affected by the rise in United States Treasury bonds, while markets are expecting important data on the United States labour market.
The price of gold fell by more than a percent on the first day of September, mainly due to an increase in US bond yields. Markets are also waiting for information on the development of the US labor market for the past month. Reuters reported this. The spot price of gold reached $4,386.37 before 2:00 p.m....
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