Gold falls as U.S. Treasuries strengthen

Xinhua
22 Jul 2021, 00:48 GMT+10

CHICAGO, July 21 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as U.S. Treasury yields rose.

The most active gold contract for August delivery fell 8 U.S. dollars, or 0.44 percent, to close at 1,803.4 dollars per ounce.

The Federal Reserve will announce its decision on monetary policy on July 28.

Gold may continue finding support amid global surge in COVID-19 Delta variant cases, market analysts hold.

Silver for September delivery rose 26 cents, or 1.04 percent, to close at 25.255 dollars per ounce. Platinum for October delivery rose 10.1 dollars, or 0.95 percent, to close at 1,075.3 dollars per ounce.

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