Gold on track for first weekly decline since early June
Bullion has fallen 4% so far this week as benchmark US 10-year yields increase
14 August 2020 - 07:26
Gold fought for traction on Friday as a jump in US Treasury yields forced investors to reassess their positions again after a steep retreat from a record peak earlier this week, which put bullion on course for its first weekly fall since early June.
Spot gold was down 0.1% at $1,952.01/oz by 3.56am GMT. Bullion declined 4% so far this week, its biggest weekly percentage fall since early March. US gold futures fell 0.5% to $1,960.50/oz...
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