Gold Nears Two-Month High as US Bond Yields Fall

Gold prices hovered near a more than two-month high on Thursday, August 20, as lower US Treasury yields and a softer dollar strengthened demand for the non-yielding metal. Spot gold reached $4,525.79 per ounce, its highest level since June 2, before easing to $4,512.19. Treasury Move Lifts Gold Gold’s latest advance followed an unexpected US [...]