New York, October 04 (QNA) – Gold hit a three-week high on Tuesday, spurring gains for all precious metals, as the dollar declines and US Treasury bond yields again after hitting their highest levels in years.
Spot gold rose 0.5% to $1,707.20 per ounce by 0725 GMT, having earlier touched its highest since Sept. 13 at $1,710.39.
U.S. gold futures were up 0.9% to $1,717.60.
The dollar index fell by 0.5%, making gold cheaper for overseas buyers, and the U.S. 10-year Treasury yields also retreated.
Spot silver climbed 1% to $20.96 per ounce, having earlier hit a peak since June.
Palladium jumped as much as 4.2% and was last up 3.3% at $2,294.79, while platinum was 1.2% higher at $912.85.
(QNA)