Gold became $ 6 cheaper

Gold prices fell today as the US Treasury Department’s bonds rose, making gold less attractive to investors.

Gold traded down $ 5.98 an ounce in global markets at $ 1786.93 an ounce. Gold has lost 1.3 percent of its value since hitting a one-month high last week.

US Treasury bond yields rose slightly and so did the cost of holding gold as an asset Non-profitIncreased e.

Market participants are now paying attention to the meetings of the Bank of Japan (BOJ) and the European Central Bank (ECB) on Thursday and the US Federal Open Market Committee (FOMC) on 3 November It is focused.

Jeffrey هالری“It is almost certain that the US Federal Open Market Committee will announce the start of its expansionary policies and that the value of bonds and the dollar will begin to rise,” said a senior market analyst. “It will be difficult for gold to stay close to $ 1,800.”

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