The gold sector strengthens and US bond yields continue to fall to boost gold prices.

Telah Terbit: Apr 16, 2021 11:01

Gold plate rose higher, Yuancheng gold seal board, Yintai gold rose more than 6%, Chifeng gold rose nearly 6%, western mining, Zijin mining, gold gold rose.

In terms of Hong Kong stocks, Chinese gold rose more than 4% internationally, followed by Zijin Mining, Zhaojin Mining and Shandong Gold.

COMEX June gold futures closed up $30.50 yesterday, the biggest one-day dollar gain since March 9, up 1.8 per cent to $1766.80 an ounce, the highest close for major contracts since Feb. 25. COMEX silver futures closed up 1.57% at $25.925 an ounce. Us bond yields fell despite better-than-expected US economic data, prompting investors to buy gold as a hedge against possible future inflation.

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The gold sector strengthens and US bond yields continue to fall to boost gold prices. - Shanghai Metals Market (SMM)