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Gold firms as dollar, yields slip; markets watch Israel-Iran truce
Gold firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while market participants monitored the fragile truce between Israel and Iran. Spot gold was up 0.2% at $3,328.89 per ounce, as of 0250 GMT, after hitting a more than two-week low on Tuesday. U.S. gold futures rose 0.3% to $3,343.00. The dollar index hovered near a one-week low, making bullion more attractive for other currency holders. The benchmark 10-year Treasury yields remained near a more than one-month low. “The technical selling of the U.S. dollar and weaker U.S. Treasury yield have benefited gold prices,” OANDA senior market ... (full story)
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- Jun 24, 2025 10:59pm Posted byFundamental Analysis286
