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    Precious Metal Price Updates

    Abstract:Gold prices hovered near a one-week peak on Tuesday after gaining 1.5% in the previous session, as U.S. Treasury yields retreated, lifting the appeal of the bullion.

      Gold prices hovered near a one-week peak on Tuesday after gaining 1.5% in the previous session, as U.S. Treasury yields retreated, lifting the appeal of the bullion.

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      * Spot gold rose 0.1% to $1,809.57 per ounce by 0057 GMT, having hit its highest since Feb. 16 at $1,812.31 on Monday. U.S. gold futures gained 0.1% to $1,809.30.

      * The dollar reached multi-year lows on Monday against the British pound and the Australian dollar as traders focused on the promise of coronavirus vaccinations and economic growth outlook.

      * Benchmark U.S. Treasury yields eased from a near one-year peak on Monday. Higher yields increase the opportunity cost of holding bullion.

      * U.S. President Joe Biden on Monday launched changes to the U.S. coronavirus aid program for small businesses to try to reach smaller and minority-owned firms. The advancement of a proposed $1.9 trillion U.S. COVID-19 relief bill added to concerns about inflationary pressures.

      * Bitcoin fell on Monday after surging to its latest record high a day earlier as a sell-off in global equities curbed risk appetite.

      * SPDR Gold Trust GLD , the world's largest gold-backed exchange-traded fund, said its holdings fell 1.1% to 1,115.4 tonnes on Monday.

      * Silver eased 0.4% to $28.04 an ounce. Platinum shed 0.4% to $1,267.46, while palladium climbed 0.3% to $2,401.52.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
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    Amount
    United States Dollar
    Available
    -- United States Dollar
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