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Gold ends higher, recoups some recent losses as bond yields slide


Wednesday, 21 August 2019 01:55 WIB

GOLD


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Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion.

Gold for December delivery rose $4.10, or 0.3%, to settle at $1,515.70 an ounce, after the commodity gave up $12, or 0.8%, Monday. September silver picked up 20.8 cents, or 1.2%, to $17.148 an ounce, following a 1.1% loss a day earlier.

Precious metals gained some altitude as bond yields edged lower, providing some impetus for metals buying. The 10-year Treasury note yield was down about 4.5 basis points to 1.5529% as gold futures settled Tuesday. Meanwhile, U.S. stocks traded broadly lower.

Source: Marketwatch


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