NEW YORK / LONDON.- The price of an ounce of gold </ strong> fell to a five-week low on Wednesday due to the strength of the dollar and the advance of yields on US Treasury bonds. signs of US economic strength and signs of a detente in the trade dispute between Washington and Beijing.
On the Comex division of the New York Mercantile Exchange </ strong>, US gold futures for June delivery were down $ 10.20, or 0.8 percent, to end at $ 322.80 per ounce.
On the other hand, the price of an ounce of gold in cash was down 0.66 percent at $ 1,121.56 an ounce, after touching a session low of $ 318.51 an ounce, its lowest level since March 21.
Gold, often seen as a store of value in times of political or financial uncertainty, was pressured by the returns of the 10-year US Treasury bonds </ strong> that went up 3 percent for the first time in more than four years, in addition to remaining on that level because the nervousness by the increasing federal loans impelled the sale of papers.