Gold prices increased in global market

In February this year, the gold market turned around after the worst month in four years. The gold market has stabilized due to the measures taken by the major central banks to control the yield of bonds. News Bloomberg.

When the global supply of vaccines to prevent the epidemic corona infection began, optimism spread in the bond market and yields increased. This has led to instability in the gold market since the beginning of 2021.

Gold prices rose slightly to ৭ 1,734.43 an ounce in London’s spot market on Monday afternoon. Last Friday, gold fell 2.1 percent to its post-June low. As a result, the price of gold fell by 6.2 percent in February, which is the lowest since November 2016. Besides gold, silver, platinum and palladium also rose slightly yesterday.

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