Gold climbs past $4,179 amid falling U.S. Treasury yields

Gold prices rose by over 1%, reaching approximately $4,180 per ounce, supported by a decline in long-term U.S. Treasury yields after strong demand for 30-year bonds, which eased pressure on the non-yielding precious metal. Gold also benefited from falling oil prices and the U.S. President halting his criticism of Iran ahead of the midterm elections. However, concerns about inflation and Federal Reserve policies remain unclear, with expectations that U.S. borrowing costs will stay steady or rise in the medium term.

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