Commodities Update — Gold rises; Wheat falls; London copper prices fall on hawkish Fed views

Follow-ups -eshrag News:

Wed, 2022-08-03 13:50

RIYADH: Gold prices rose on Wednesday, drawing on support from escalating tensions between Beijing and Washington, although firmer US Treasury yields capped gains in the non-yielding asset and held it below a one-month high hit in the last session.

Spot gold rose 0.3 percent to $1,765.68 per ounce by 0839 GMT. On Tuesday, bullion rose to its highest since July 5, hitting $1,787.79 before closing down 0.6 percent on the day to break a four-session winning streak.

US gold futures fell 0.4 percent to $1,782.90.

Silver falls

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Business & Economy

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