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Metals: gold is retreating

05/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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While the strengthening US dollar and Treasury bond yields put pressure on the yellow metal, gold fell slightly on Wednesday.

Spot gold fell 0.3% to $2,909.86 per ounce at 03:27 GMT after rising nearly 1% on Tuesday, while U.S. gold futures were flat at $2,920.70 per ounce. The benchmark 10-year US Treasury yield rebounded after reaching a low of more than four months in the previous session, lessening the appeal of yield-less gold, while the dollar index also strengthened

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Spot silver was little changed at $31.93 per ounce, and platinum fell 0.2% to $958.41. Palladium rose 0.4% to $945.97

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