Bengaluru — Gold prices slipped to their lowest level in nearly two weeks on Monday as the dollar rose due to climbing US treasury yields and as global political concern eased. Spot gold was down 0.1% at $1,333.71/oz% at 3.46am GMT, after earlier touching its lowest since April 10 at $1,331.70. US gold futures fell 0.2% to $1,335.50/oz. "Gold prices dropped back to the levels of around a week ago, with easing geopolitical tensions, the stronger dollar and gains in US rates affecting the market," ANZ analysts said in a note. The dollar traded near a two-week high against a basket of major currencies on Monday, bolstered by rising US bond yields and as concerns eased over global political risks after North Korea said it would suspend nuclear and missile tests, scrap its nuclear test site and pursue economic growth and peace. "We’re on another high for the year for dollar yields and it’s not boding well for gold," a Hong Kong-based trader said. Yields on benchmark 10-year treasuries cl...
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