Corona and US Treasury bonds give gold a boost welcome

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Corona and US Treasury bonds give gold a boost

Gold prices rose, today, Monday, as they supported the appetite for the metal thanks to the decline in US Treasury bond yields and concerns about the increasing cases of Covid-19 in some countries.

By 04:18 GMT, spot gold gained 0.3 percent, to record $ 1773.90 an ounce. Trading volume in Asia was low due to a holiday in China and Japan. US gold futures rose 0.4 percent to $ 1773.90 an ounce.

"The pandemic situation in Japan and India remains a major concern among participants in market operations, and thus this is leading to an increase in demand for safe haven assets such as gold," said Margaret Yang, analyst at DailyFX, adding that the decline in US Treasury yields has advanced. More support.

The yield on the US benchmark 10-year bonds fell, after hitting their highest levels in nearly two weeks last week. Lower bond yields reduce the opportunity cost of holding no-return gold.

As for other precious metals, palladium rose 0.6 percent to $ 2,953.19 an ounce after hitting an all-time high of $ 3,007.73 an ounce on Friday due to supply concerns.

Silver rose 0.3 percent to $ 25.97 an ounce. Platinum rose 0.5 percent to $ 1,204.63.

4 astronauts from the International Space Station returned to Earth, in a "SpaceX" vehicle.

The capsule salvage boats took over the returning judiciary astronauts who had spent more than 160 days in space.

The express flight took only 6 and a half hours.

The astronauts, 3 Americans and a Japanese, returned in the same capsule that was launched from NASA's Kennedy Space Center last November.

Their mission, which lasted 167 days, is the longest for astronauts to start from the United States. The previous record of 84 days was set by the last NASA Sky Lab crew in 1974.

And the separation that occurred on Saturday evening left 7 people on the space station, 4 of them arrived a week ago via a "SpaceX" vehicle.

The "Dragon" capsule landed by parachute in the Gulf of Mexico, ending the second space flight of the Elon Musk company.