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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the start of the week, gold prices fell slightly as rising US Treasury yields weighed on bullion valued in dollars.
Spot gold fell 0.3% to $2,381.36 per ounce at 00:54 GMT. US gold futures fell by 0.7% to $2,395.80 per ounce. Benchmark 10-year US Treasury yields rose slightly to 4.6475%, making yield-less bullion less attractive to investors
.Copper, gold and other metals that have recorded strong gains this year will see another surge, fuelled by the robust outlook for Chinese demand and macroeconomic uncertainties. Spot silver fell 0.6% to $28.48 per ounce, platinum fell 0.1% to $930.72, while palladium was unchanged at $1,026.44.Silver could have the power to hit the $30 per ounce mark after rising 26% in March-April thanks to the record rise in gold and the strength of copper, even though analysts believe that the metal is ripe for technical
correction.
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