Gold is rising to its highest level in more than a month

Gold prices rose to their highest level in more than a month as US Treasury yields declined despite strong economic data as US jobless claims fell to their lowest level since mid-March 2020.

Spot gold rose 1.8% to $ 1766.50 an ounce after rising earlier in the session to $ 1769.37, the highest level since February 26, and US gold futures rose 1.8% to $ 1766.80 an ounce. As for other precious metals, silver rose 1.8% to $ 25.86 an ounce, and palladium rose 2.1% to $ 2733.75, after hitting its highest level since February 28, 2020 at $ 2760.53, and platinum also rose 2.3% to $ 1197.91.