London — Gold steadied after three days of losses on Tuesday as the dollar stabilised after an earlier three-month peak and a rise in US treasury yields stalled, with lower prices tempting some buyers back to the market. Gold has slid nearly 2% in the last three trading sessions as a rally in US yields towards the 3% mark pushed the dollar index to its highest since mid-January, making the metal more attractive to price-sensitive buyers. It also suffers from rising yields in its own right, as these lift the opportunity cost of holding non-interest bearing assets like bullion. Spot gold was up 0.2% at $1,326.91 an ounce at 9.30am GMT, while US gold futures for June delivery were up $4.80 an ounce at $1,328.80. "There are still a lot of risks out there that could flare up at any time," Capital Economics analyst Simona Gambarini said. "There might be some investors who hadn’t bought insurance before, who think now is a good time to get in." Gold is often seen as a safe store of value i...
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