Gold At 5-Week High On US Bond Yields Decline

2025-07-22 11:19:25

(MENAFN- The Peninsula) QNA

London: Gold prices jumped Tuesday to their highest level in five weeks due to trade uncertainty and a decline in US Treasury yields, while investors await US President Donald Trump's August 1 deadline for imposing tariffs.

Spot gold rose 0.6 percent to $3,415.61 per ounce, reaching its highest level since June 16.

US gold futures also rose 0.6 percent to $3,428.10.

US 10-year Treasury yields hit their lowest level in more than two weeks, making gold more attractive.

Among other precious metals, spot silver fell 0.1 percent to $38.89 per ounce.

Platinum rose 0.2 percent to $1,440.75, while palladium fell 0.1 percent to $1,262.75.

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