Gold fell $6.7 after bond yields rose

The gold price fell 0.38%, or $6.70, to $1,760.90 per ounce.

The silver price fell 1.16%, or 3.6 cents, to $22.61 an ounce.

The platinum price fell 0.19%, or $1.80, to $959.80 per ounce.

The palladium price rose 1.3%, or $24.40, to $1,899.40 an ounce.

The yellow metal fell after the yield on 10-year government bonds rose by 1.526% overnight (October 5). The jump was caused by concerns about inflation and the Federal Reserve’s cuts in the QE program.

In addition, the strength of the dollar is another factor that depresses the price of gold. The DXY index against the six other major currencies in the basket rose 0.21% to 93.9767.

Investors are eagerly awaiting the labor market figures for September, which will be announced on Friday. According to analysts, the number of jobs will increase in September.

The Spot Market is Open

Wednesday, October 6, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
11.45
1,752.20
1,753.20
-8.30
-0.47%
1,751.20
1,761.50
Silver
11.44
22.40
22.50
-0.22
-0.99%
22.37
22.73
Platinum
11.45
943.00
953.00
-13.00
-1.36%
942.00
967.00
Palladium
11.34
1,836.00
1,986.00
-15.00
-0.81%
1,834.00
2,000.00
Rhodium
05.00
12,950.00
14,950.00
0.00
0.00%
12,950.00
14,950.00

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