Gold prices rose on Thursday, Oct. 26 as investors continued to worry about the conflict in the Middle East. The safe-haven yellow metal held up despite a rise in the dollar and U.S. Treasury yields.
Spot gold rose 0.4 percent to $1,986.79 an ounce. U.S. gold futures also increased 0.1 percent to $1,997.10.
The dollar and 10-year Treasury yields rose after data showed new home sales rose to a 19-month high in September, confirming market expectations that interest rates will remain high for longer until 2024.
Source (CNBC Arabia Website, Edited)
