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Gold prices fall amid new coronavirus restrictions in China
Finance
- 10 June, 2022
- 05:41
Gold prices on June 10 morning fell against the background of the introduction of new coronavirus restrictions in China, Report informs referring to the auction data.
The price of August futures for gold on the New York Comex exchange fell by $7.3, or 0.39%, to $1,845.4 per troy ounce. July silver futures fell 0.84% to $21.633 an ounce.
The precious metal market on June 10 observed a negative trend. Investors fear for demand from China as the authorities introduced new restrictive measures to contain the coronavirus pandemic in Beijing and Shanghai.
In addition, pressure on the price of gold is exerted by the yield of US government bonds (US Treasuries), which rises to 3.055% from the previous close of 3.042%.
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