The yellow metal recorded declines for the second consecutive session since the beginning of the week today, Monday, March 15th, with the opening of European markets by more than 1%, trading at levels of 1929 dollars per ounce, affected by the high yields on US Treasury bonds, as the yield on 10-year Treasury bonds rose To its highest level since July 2019 amid anticipation in the markets for the US Federal Reserve meeting tomorrow, Wednesday.

The markets are awaiting the US Federal Reserve meeting and the first interest rate hike by a quarter point in three years to counter the effect of the continuous rise in inflation to support the rise in US ten-year bond yields to their highest level at 2.10.

On the other hand, a large part of gold’s losses since the beginning of the week are due to the increase in risk appetite in the markets and the exit from safe havens, with the increase in optimism as a result of the Russian-Ukrainian talks, which started at the beginning of the week on Monday.

And the gold-traded investment funds, which Bloomberg tracks, showed an increase in gold flows by 56 tons last week, which is the largest weekly flow since March 2020.

Silver is trading at $24.64 per ounce, down by 1.50% this morning, Tuesday, declining for the third consecutive session.

Palladium, after declining more than 10% yesterday, is settling this morning at levels of $2400, an increase of about 0.55%, while platinum is declining by about 1% when it is trading at levels of $1.019.