Softer dollar extend gold’s rally

Gold gained on Thursday, building on a six-day winning streak as the U.S. dollar eased and Treasury yields extended their slump to a more than four month low.

Spot gold was up 0.6% to $1,814.00 per ounce at 1135 GMT. U.S. gold futures were up 0.7% to $1,814.30.

The dollar index edged 0.1% lower, making gold cheaper for other currency holders. Benchmark U.S. 10-year Treasury yields also slipped, lowering the opportunity cost of holding non-yielding bullion.

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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