Gold Rises on Weaker Dollar and Yields

Gold prices increased on Thursday, driven by a weaker dollar and lower Treasury yields, as investors anticipate key U.S. payrolls data to gauge the Federal Reserve’s rate path. Spot gold went up by 0.4% to $2,032 per ounce, and U.S. gold futures saw a 0.1% rise to $2,049.60. With 10-year Treasury yields near a three-month low and the U.S. dollar index dropping 0.3%, gold became more affordable for holders of other currencies.