3/9, 10:29 AM (Source: TeleTrader)
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Precious metals higher amid Treasury yield pullback

Precious metals traded higher on Tuesday amid a pullback in United States Treasury yields, which lent support to the commodities.

Gold hit a nine-month low in the previous session as rising Treasury yields reduced the yellow metal's appeal. However, gold began to recover as yields stabilized, along with equity markets.

Gold jumped 1.29% to $1,702.17 per ounce at 4:17 am ET, while silver climbed 2.31% to $25.70. At the same time, platinum was up 2.82% to $1,172.02 an ounce as palladium rose 0.131 to $2,327.45 per ounce.

Breaking the News / JC