The yellow metal is trading at an increase of about 0.50%, or $8, coinciding with the opening of the American markets for today’s session, Wednesday, October 20, to trade at levels of $ 1775 per ounce, benefiting from the decline in the yield on US Treasury bonds in the last hours, despite reducing its gains that exceeded 1% and testing it to levels The 1786 dollars.

The yield on US Treasury bonds is in a race in recent sessions with the yellow metal due to the inverse relationship between them, and with the yield on US Treasury bonds for ten years trading down by about 0.50% and trading at 1.63 after testing 1.67 levels in the morning, the yellow metal benefits from these declines upwards and trades on Height .

The general index of the US dollar, in turn, is trading at an increase of 0.10% at 93.68 and supports the gains of the yellow metal.

Market expectations that global inflationary pressures will continue also support the rises of the yellow metal, which is an important way to hedge against inflation, as inflation in the euro area rose to 3.4% in September on an annual basis and to 3.6% in the European Union, and inflation in Canada rose to its highest level since 2003 and thus All of these inflationary pressures support gold’s gains.

Silver, in turn, is trading at $24.03 an ounce, up about 1.6 percent, its highest level in five weeks.

\Platinum is trading at an increase of about 0.15% at levels of 1041 dollars, while palladium loses about 0.23% and is trading at 2.092 dollars.