Experts Explain Reasons Behind Gold Price Rise

Gold prices rose today, influenced by a decline in U.S. government bond yields and a set of positive economic factors that bolstered expectations for the precious metal.اضافة اعلان

Yields on 10-year U.S. Treasury bonds fell to 4.134%, increasing gold’s appeal as a safe-haven investment. A drop in government bond yields, which are considered an alternative safe asset to gold, acts as a catalyst for the metal’s price increase.

In this context, ANZ analysts pointed out that slowing economic growth, rising inflation, geopolitical changes, and asset diversification strategies will sustain demand for gold from investors and central banks. They also noted that the continuation of the U.S. Federal Reserve’s monetary easing policy will support further growth in gold prices.

Gold futures on the COMEX in New York rose by $11.22 to reach $3,983.82 per ounce, while silver futures increased by 0.63% to $47.455 per ounce.