Gold prices advance following drop in dollar, yields

Gulf Today Report 

Gold prices climbed on Thursday as easing US Treasury yields and dollar support the metal’s appeal.

Spot gold was up 0.1% at $1, 794.67 per ounce by 01:15 GMT while US gold futures rose 0.1% to $1,795.40 per ounce.

The US 10-year Treasury yield was below 1.6%, affecting the opportunity cost of holding non-yielding bullion.

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Dollar declined by 0.1% against its rival currencies, making gold less expensive for the holders of those currency.

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