Gold falls again after recording the biggest jump in two months

Gold plunged today, Wednesday, after recording its biggest jump in two months in the previous session, as US Treasury yields and the dollar rose, weakening the yellow metal's appeal.

And gold fell in the spot market 0.2 percent to 1712.82 dollars an ounce by 0525 GMT, after it rose more than 2 percent on Tuesday as a result of falling bond yields and the dollar from their highest levels in months.

And gold in futures trading in the United States fell 0.4 percent to $ 1710.70.

"There is an element of corrective price movement in the price after the great rise of gold in the previous 24 hours (and) gold has been falling dramatically in the face of the rising returns," said Elia Spivak of DailyForex.

And US bond yields recovered on Wednesday, reducing the temptation to hold gold as the dollar rebounded.

As for other precious metals, silver fell 0.6 percent to $ 25.75 an ounce, while palladium rose 0.4 percent to $ 2,305.16, while platinum fell 1 percent to $ 1157.29.

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