Gold rises in price on weaker dollar and lower yields on US bonds

On Monday, the price of gold is growing against the background of a weakening US dollar and a decline in yields on US government bonds. The current quotation of the precious metal is $ 1885.35 per troy ounce.

Gold price continues to rise for the fourth trading session in a row. The dollar index again dropped below 90 points, and the yield on ten-year US Treasuries fell to 1.6% from the previous close of 1.632%.

Analysts note that falling Treasury yields and a softer dollar have created good conditions for a rise in gold prices. In particular, the weakening dollar makes gold more accessible to holders of other currencies. And the decline in the yield on US government bonds, in turn, makes them less attractive as an alternative in the field of «safe» investments.