Gold prices rose today, Thursday, in conjunction with the decline in the yield on US Treasury bonds.
And according to Reuters, gold rose in spot transactions 0.2% to $ 1719.19 an ounce.
US gold futures rose 0.5% to $1,728.50 an ounce.
The yield on US 10-year Treasury bonds fell after hitting the highest intraday level since Sept. 26 on Wednesday, while the dollar index steadied.
On Wednesday, San Francisco Federal Reserve Chair Mary Daly said the US central bank was committed to controlling inflation with further rate hikes, but said the central bank would not continue to do so if the economy began to falter.
As for other precious metals, silver fell in spot transactions 0.3% to $20.64 an ounce.
Platinum settled at $919.11 an ounce. Palladium rose 0.7% to $2,262.32 an ounce.
