Gold Prices Climb in Morning Trading on Dollar and Treasury Yield Decline

Deep News03-24 07:51

Gold prices advanced during the morning session, supported by a drop in the U.S. dollar and U.S. Treasury yields, as both factors can enhance the appeal of the dollar-denominated, non-yielding precious metal. Spot gold increased by 0.8%, reaching $4,444.07 per ounce. Overnight, former U.S. President Donald Trump posted on Truth Social, stating that the United States would delay strikes on Iranian energy infrastructure by five days. Michael Brown, a senior research strategist at Pepperstone, noted in an email, "This is clearly a positive development." He added, "Discussions are ongoing between the parties, marking the first substantial sign of de-escalation we have observed since the conflict erupted in late February."

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