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Gold prices rally again!

The most-actively traded gold contract rose 0.5% to $1,835.40 a troy ounce Tuesday!

Mainly boosted by China’s plan to scrap quarantine requirements for international travelers.

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Bloomberg yearly gold chart prices

Analysts say that the move represents a shift toward opening the world’s largest commodity consumer. Chinese consumers are big buyers of physical gold.

Another reason for higher gold prices: Yields on the 10-year Treasury note declined Tuesday morning. Higher yields make holding ultrasafe U.S. government bonds more attractive, while gold doesn’t pay anything.

Shares of Colorado-based mining company Newmont jumped 3.4%, among the S&P 500’s top gainers. Shares of miners tend to be more volatile than gold prices themselves.