Gold futures rose more than $20 past $1,940 today. The positive factor from the dollar’s depreciation. and the fall in US government bond yields.
At 9:54 p.m. Thai time, the COMEX (Commodity Exchange) gold contract will be delivered in June. It rebounded $22.30, or 1.16%, to $1,940.30/ounce.
SPDR Gold Trust Fund, the world’s largest gold ETF. down 0.2% gold holdings to 1091.44 tonnes yesterday
A weakening dollar will increase the attractiveness of gold. by making gold contracts cheaper for holders of other currencies The fall in US government bond yields. It will reduce the opportunity cost of holding gold. Because gold is an asset that does not return in the form of interest.
However, the positive range in gold prices was constrained by progress in the Russia-Ukraine peace talks. by obscuring gold orders as safe haven assets
Turkish Foreign Minister Mevlut Cavusoglu said the peace talks between Russia and Ukraine in Istanbul were the most progress since the two sides started negotiations. along with saying Foreign ministers of Russia and Ukraine will meet at the next opportunity on more complex issues. Before Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky finally meet.
The Russian Defense Ministry said Russia will drastically reduce its military operations around Kiev, the Ukrainian capital. including Chernihiv Its purpose is to increase the trust between Russia and Ukraine. and to facilitate the next peace talks by both sides
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