Gold prices fluctuate with the reduction of dollar's losses
Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil coincided with Russia’s decision to ban oil exports in response to the price ceiling.
Spot gold contracts rose by 0.1%, equivalent to $1.5, to reach a price of $1,805.
On the other hand, gold futures contracts decreased by 0.2%, equivalent to $3.3, to reach levels of $1812.5 an ounce.
Before that, spot gold contracts rose by 0.2%, to reach $1807.57 an ounce, and futures contracts fell by 0.1%, to $1814.3.
While the dollar trimmed its losses, to trade near 104.4 points.
Oil contracts declined, and with it the price of US NYMEX crude fell by more than 1.1%, to trade at $78 a barrel.
While the benchmark Brent crude declined at a greater pace, losing nearly 1.2%, to trade at levels of $83 per barrel.
The 10-year US Treasury yield decreased by 0.03 points, down to 3.85%, while the two-year Treasury yield rose slightly, within 0.004 points, to 4.35%.
Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil coincided with Russia’s decision to ban oil exports in response to the price ceiling.
Spot gold contracts rose by 0.1%, equivalent to $1.5, to reach a price of $1,805.On the other hand, gold futures contracts decreased by 0.2%, equivalent to $3.3, to reach levels of $1812.5 an ounce.Before that, spot gold contracts rose by 0.2%, to reach $1807.57 an ounce, and futures contracts fell by 0.1%, to $1814.3.
While the dollar trimmed its losses, to trade near 104.4 points.
Oil contracts declined, and with it the price of US NYMEX crude fell by more than 1.1%, to trade at $78 a barrel.While the benchmark Brent crude declined at a greater pace, losing nearly 1.2%, to trade at levels of $83 per barrel.
The 10-year US Treasury yield decreased by 0.03 points, down to 3.85%, while the two-year Treasury yield rose slightly, within 0.004 points, to 4.35%.