Gold prices climb over 1% as oil and US Treasury yields fall
Global gold prices rose more than 1% on Tuesday, supported by lower oil prices and US Treasury yields, as investors await the Federal Reserve's rate decision.
Key Takeaways
AIGold prices rose by more than 1% in global markets on Tuesday, supported by a decline in oil prices and US Treasury yields, as investors awaited the US Federal Reserve's decision on interest rates.
Spot gold climbed 1.4% to reach $4,353.82 per ounce. US gold futures also gained 1.4%, rising to $4,395.10 per ounce.
Performance of other precious metals
Among other precious metals, silver advanced 1.4% in spot trading to $64.55 per ounce. Platinum increased by 0.7% to $1,788.15 per ounce, while palladium rose 1.1% to $1,303.50 per ounce.
Markets are closely watching the US central bank's decision on interest rates, which is expected to influence trends in gold and other precious metals.