Gold eases as Treasury yields and dollar firm
Spot gold and US futures ease as benchmark 10-year yields hover near their highest since March last year
08 February 2021 - 08:06
Bengaluru — Gold prices inched lower on Monday, as Treasury yields moved higher and the dollar bounced up, though concerns over a recovery in the US economy limited bullion’s losses.
Spot gold fell 0.1% to $1,810.65 per ounce by 5.19am. US gold futures eased 0.1% to $1,811.10. Benchmark 10-year Treasury yields were hovering near their highest since March last year hit in the previous session, increasing the opportunity cost of holding non-yielding bullion...
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