Commodities Update — Gold, silver inch higher; Wheat rises on Black Sea supply woes; Copper hits one-month high

RIYADH: Gold prices edged higher on Monday, supported by a slight pullback in US Treasury yields, although bullion’s outlook remained vulnerable to aggressive interest rate hikes by central banks.

Spot gold was up 0.1 percent at $1,853.43 per ounce, as of 0208 GMT, while US gold futures rose 0.3 percent to $1,856.20.

Silver up

Silver climbed 1.5 percent to $22.24 per ounce and palladium added 1.6 percent to $2,007.18.

Platinum rose 0.6 percent to $1,019.79 per ounce, after hitting its highest since late March at $1,032.50 on Friday.