Baku 23° C
Gold falls amid rising US government bond yields
Finance
- 17 August, 2023
- 06:14
Gold prices on August 17 morning fell and are trading below $1,925 per troy ounce amid rising US government bond yields after the release of the Federal Reserve System (Fed) minutes, Report informs referring to the auction data.
The price of December futures for gold on the New York Comex exchange fell by $5.05 (0.26%) to $1,923.25 per troy ounce. September silver futures rose 0.04% to $22.543 an ounce.
The yield on ten-year US government bonds rose to 4.295% from 4.26% at the previous close. US government bonds are an alternative to gold as a reliable asset, so their quotes, as a rule, have multidirectional dynamics.
Author
Latest News
11:15
Slovakia congratulates Azerbaijan on National Salvation Day
Foreign policy10:51
Syrian minister announces beginning of new stage in relations with Azerbaijan
Foreign policy10:32
Turkish Embassy releases statement over 5th anniversary of Shusha Declaration
Foreign policy10:13
Turkish Embassy congratulates Azerbaijan on National Salvation Day
Foreign policy09:56
Pakistani president welcomes US-Iran deal
Other countries09:52
Fifth anniversary of Shusha Declaration: Symbol of Azerbaijan-Türkiye brotherhood
Foreign policy09:42
MFA: Heydar Aliyev's return to power became foundation for strengthening Azerbaijan's independence
Domestic policy09:37
Cote d'Ivoire seals win over Ecuador in Group E opener at FIFA World Cup
Football09:34