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Gold is making big gains in light of the drop in the dollar and Treasury yields

Gold is making big gains in light of the drop in the dollar and Treasury yields

Gold prices rose significantly on Friday, in light of the decline in the dollar and Treasury yields.

Gold is making big gains in light of the drop in the dollar and Treasury yields


According to what was reported by "Russia Today", spot gold contracts were traded. Little change at $ 1,876.70 an ounce, with a gain of 1.9 percent for the week.


US gold futures fell 0.2 percent to $ 1877.90 an ounce, according to the data.


Fuad Zadeh, an analyst at Think Markets, said: From a technical point of view. (Gold) broke several resistance levels. So it reduced the tendency to bet to get off. The easiest path is to go up, and the next logical target is $ 1900.


Palladium fell 0.8 percent to $ 2831.08 an ounce, and silver settled at $ 27.74.

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