New York gold shuts $ 46.6 as Dollars stiffen - Bond Yeald

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New York gold futures closed overnight (Feb 26), pressured by a stronger dollar. And US bond yields remain high.
COMEX (Commodity Exchange) gold contract for April delivery It was down $ 46.6, or 2.62 percent, to $ 1,728.8 an ounce. slotxo Which is the lowest closing level since June 2020 By this week The gold contract fell 2.7% and in February. Gold contracts have fallen around 6.6%, the worst monthly drop since November. 2016


Silver metal contract for May delivery It was down $ 1.245, or 4.57%, to $ 26.44 an ounce.

Platinum contract delivered in April. It was down $ 46.2, or 3.75 percent to $ 1,185.3 an ounce.

Palladium contract delivered in June. It was down $ 101.30, or 4.2 percent, to $ 2,313.50 an ounce.

The gold contract fell for the fourth consecutive day on Friday. It tumbled in February, the most in more than four years as a sharp spike in government bond yields cut demand for gold. And drag the price down to the lowest level since June. 2020

The U.S. 10-year bond yield slipped to 1.451% on Friday after hitting 1.614% on Thursday.