Gold Prices Rise

Singapore, 5 Jun (ONA) --- Gold prices rose today helped by a weakness in the US dollar and Treasury yields, as investors waited for more economic data to gauge the Federal Reserve's next step on monetary policy.

Spot gold was up 0.3% at USD 2,334.81 per ounce, trading in a narrow USD 11 range after prices fell 1% in the previous session.

US gold futures rose 0.4% to USD 2,355.50.

The dollar inched up after hitting a near two-month low in the last session, while benchmark 10-year Treasury yields lingered near their lowest level in almost three weeks, making bullion more attractive to investors.

Among other metals, spot silver rose 0.7% to USD 29.69 per ounce, platinum was up 0.3% at USD 990.24 and palladium gained 1% to USD 924.12.

--- Ends/Khalid